Connect with us

Hi, what are you looking for?

Oracle of  Omaha SaysOracle of  Omaha Says

Stock

Microsoft to lay off more employees months after letting 10,000 workers go

Microsoft confirmed Monday that it’s eliminating additional jobs, a week after the start of its 2024 fiscal year.

The cuts are in addition to the downsizing announced in January that resulted in 10,000 layoffs. The software maker also disclosed a small number of cuts this time last year. GeekWire reported on the latest cuts earlier Monday.

Amazon, Google and other large technology companies have also scaled back this year after adding headcount rapidly to meet rising demand during the covid pandemic. Microsoft has said in recent months that clients are looking for ways to save money on their cloud computing bill.

A Microsoft spokesperson declined to specify the number of cuts in the latest round. In January, CEO Satya Nadella issued a memo, indicating the company would change its hardware lineup and consolidate leases.

Microsoft filed a notice Monday saying it would cut 276 people in its home state of Washington. Of those, 66 are virtual.

More from CNBC

Charter will offer a cheaper, sports-lite cable TV option to reflect changing landscape Goldman Sachs says India will overtake the U.S. to become the world’s second-largest economy by 2075 HCA Healthcare patient data stolen and for sale by hackers

Salespeople and customer success representatives posted messages on social networks to announce they lost their jobs.

“Organizational and workforce adjustments are a necessary and regular part of managing our business,” the spokesperson said in an email. “We will continue to prioritize and invest in strategic growth areas for our future and in support of our customers and partners.”

This post appeared first on NBC NEWS
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.









    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    A former Republican legislative candidate who traveled to Washington for former President Donald Trump’s ‘Stop the Steal’ rally was arrested Friday and charged with...

    Stock

    Even as U.S. inflation broadly cools, frozen vegetable prices are hot. The average shelf price for frozen veggies rose by 18% in the past year...

    Latest News

    Abbe Lowell, Hunter Biden’s attorney, filed an ethics complaint Friday against Georgia Rep. Marjorie Taylor Green after she displayed censured nude photos of the president’s...

    Latest News

    President Biden has overruled the Pentagon and chosen Adm. Lisa Franchetti to lead the Navy, making her the first woman, if she’s confirmed, to...

    Disclaimer: Oracleofomahasays.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 Oracleofomahasays.com