Microsoft lays off 1,000 workers as slowdown bites

Wednesday 02nd November 2022 06:42 EDT

Microsoft has laid off about 1,000 workers from a variety of departments, including the Xbox and Edge teams, Axios said citing unnamed sources. The US software giant had earlier stated in July that a modest number of positions had been removed and that it will eventually hire more people. In a statement Microsoft said, “Today we had a small number of role eliminations. Like all companies, we evaluate our business priorities regularly, and make structural adjustments accordingly.”

In India, Wipro and Infosys have also announced layoffs this year. Besides attrition, many companies like Apple, Oracle, Google and others have also announced a hiring freeze for the coming months. As per Crunchbase report, more than 32,000 workers in the US tech sector have been laid off in mass job cuts, in late July.

Microsoft recently introduced a new line of Surface products, including the Surface Laptop 5, Surface 9 Pro tablet, Studio 2+, and many others. On October 25, Microsoft will release its financial results for the second quarter of its fiscal year.

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