While public companies have spent the last few months zig-zagging in layoffs numbers, startups are still cutting employees at a pretty steady cadence. Look Lenovo's way to find out. January 18Microsofts cuts, which affect 10,000 employees (less than 5% of its workforce), come three months after the Washington-based company conducted another round of layoffs affecting less than 1% of its roughly 180,000 employees, with CEO Satya Nadella saying in a message to employees that some workers will be notified starting Wednesday, and the layoffs will be conducted by the end of the third fiscal quarter in September. New York, MS didnt hire a lot like other companies in the past few years 2. February 27Twitter started laying off 200 of the social media giants remaining 2,000 employees in the social media platforms latest round of job cuts, sources familiar with the matter told the New York Times, just weeks after CEO Elon Musk pledged to stabilize the organization following several rounds of layoffs last fall that cut the companys staff of roughly 7,500 by more than half. Pretty much the entire org was eliminated. I heard they arent gonna drag it to end of March. Microsoft Layoffs - Blind Read the latest insights, reviews, and recommendations about Microsoft Layoffs from 5M+ verified employees at top companies. Now he is worrying why they created this group. It is unknown when the layoffs are planned to st, Is it true? Other redundancies hit the gaming org, the legal department, and the division setting up government bodies with Microsoft tech. Chris Williams is the former VP of HR at Microsoft and a leadership advisor, podcaster, TikTok creator, and author.This story was originally published in September 2022. This will likely contain more details about its future plans, including adjustments to its hardware and cloud strategies, giving investors a clearer idea of where the company will be headed. Microsoft is the latest tech firm to make significant layoffs in 2022. . Although the company didn't cite the number of layoffs or the divisions impacted, Axios reports that the cuts affected "a variety of levels, teams, and parts of the world," and totaled "under 1,000 workers." Microsoft has spent 2022 curbing some of its job-hiring momentum. On November 9, 2022, Meta announced that it was laying off 11,000 employees, which translates to ~13% of its total headcount. The move marks the latest sign of weakness among some of the largest U.S. tech companies amid persistent inflation, recession fears and stock market woes. Microsoft has laid off more than a thousand staff, classifying this as a sort of summer clean-up following closure of the latest financial year. Office consumer was also up 9 percent year over year, amid an increase in hybrid and remote work. Business Insider now reports that Microsoft is laying off that team, and telling the roughly 200 affected employees to find another position at the company or take severance pay. Updated Oct 18, 2022, 3:41 PM IST. All eyes will now be on Microsofts hire of Manik Gupta last year, the former head of product at Uber. Unless the company is making a concerted effort to pivot entirely to these new areas, these kinds of new initiatives are often the first ones cut when times are leaner. https://m.youtube.com/watch?v=-mZbLX8EsWk&fbclid=IwAR3lAgle-Q4DUL34bOnJ3yUBoPLl6Soh_jY-I2MlEviD-huz373gTOM86es&ab_channel=ProjectOptimize&mibextid= #layoffs #Microsoft. Microsoft said Tuesday it cut a small number of workers, days after the software maker began its 2023 fiscal year, a time when the company normally announces structural changes. Crunchbase Daily. by Joe Panettieri Oct 18, 2022 Microsoft layoffs have impacted some employees across the Xbox division, and the Strategic Missions and Technology organization. He cut 5% of his workforce. More risky are the activities considered luxuries, like generous benefits and employee perks, and so on. The software maker called for the slowest revenue growth in more than five years in the quarter that ended Sept. 30. Microsoft had fired nearly 1% of its 180,000-strong workforce across offices and product divisions in July as part of a 'realignment'. so other folks can fight for more in case they were dealt a bad hand) Let's support each other in these tough times and u. Around 6K is the number one source mentioned. It seems more like a planned thing that was coming anyway and not due to recession Updates:1. Here are some general guidelines roughly in order of lowest risk to highest. There are many reasons that tech companies have been forced to make cuts, including rising interest rates. Regardless of your layoff risk, keeping your rsum up-to-date is always good advice. Microsoft's Office group took a more cautious approach to hiring in May. Google declared layoffs after Microsoft worldwide but the Indian list was released before Microsoft(who hasn't declared any, https://www.businessinsider.com/microsoft-layoffs-widespread-xbox-azure-government-2022-10 Seems like the usual msft trimming. Who handled it better ? All Rights Reserved, By submitting your email, you agree to our. April 27, 2022: Robinhood, the popular investing app, lays off 9% of staff. in July 2022 the software giant confirmed that it cut around 1% of its total headcount. Technology companies big and small have slowed hiring plans or announced reductions in the workforce in recent months to withstand a possible economic recession, which central bankers have been trying to ward off by raising interest rates. Got a confidential news tip? My TC: $250k (I work at MSR and was one of the ones laid off today) #layoff. Microsofts consumer efforts are now focused on Windows, Microsoft 365, Microsoft Teams for consumer, Surface, and of course Xbox. After an unfortunate health incident last year, I'm largely responsible for taking care of my mother and I wanted her to know that no matter what happened, she would be taken care of. The ride-hailing app had two rounds of layoffs at its corporate offices this year: 60 people in July, according to a memo reported by The Wall Street Journal, and 683 people Nov. 3, according to a . contractors are often the first on the chopping block. Stay up to date with recent funding rounds, acquisitions, and more with the Oct 18, 2022. The cuts . But, I am afraid about the layoffs that have been happening, and I do not want to let go of a relatively safer current job. Data is a real-time snapshot *Data is delayed at least 15 minutes. Like G announced 12k layoffs and immediately informed almost all effected employees. !function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement("script");o.async=1,o.id=n,o.src="https://e.infogram.com/js/dist/embed-loader-min.js",d.parentNode.insertBefore(o,d)}}(document,0,"infogram-async"); Wheres this change coming from? Get the best of Windows Central in your inbox, every day! Though many tech firms have reduced their headcount recently, major competitor Apple has yet to announce layoffs. All Rights Reserved. This isnt surprising since the day saw many companies lose value. Amazon's retail division decreased its 2022 hiring goal as well, Insider reported in May. It similarly forecasted a 30% drop in Windows-related revenue. Some, like Uber, have yet to turn a significant profit at all. Microsoft, like many other tech companies, recently. #layoff Non paywall link https://archive.ph/2022.10.18-013033/https://www.businessinsider.com/microsoft-layoffs-widespread-xbox-azure-government-2022-10, Instead of Satya Nadella cutting his paycheck like Tim Cooks did. Beyond these areas, most jobs fall somewhere in between these poles. Another area where you should be concerned is new initiatives. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. Microsoft even pivoted itsHoloLens hardware towards commercial customers, and there are new signs HoloLens could be in trouble. Outside of Xbox, Microsoft doesnt have a community or social service thats widely used by consumers, and TikTok, Pinterest, or Discord could have filled that gap. Follow on Twitter @JezCorden and listen to his Xbox Two podcast, all about, you guessed it, Xbox! Fast-forward to February: Large tech companies only made up about 82% of layoffs still the majority by a long shot, but we saw worse in November, when 88% of workforce cuts were driven by public tech firms. When I logged into work on Monday, I had several coworkers telling me there were layoffs and they had been affected. That shift has made investors less interested in growth-oriented stocks such as Microsoft, whose shares have declined about 22% since the start of the year, while the larger S&P 500 index is down 19% over the same period. Cutting 10,000 jobs, equal to about 5% of its workforce, gives Microsoft significant savings on wages and benefits. As such, these areas are rarely the source of major cuts in most layoffs. As of June 30, 2022, Microsoft had 221,000 full-time employees, including 122,000 in the United States and 99,000 internationally. In addition, HR is essential in the layoff process, and finance is often relied on as the financial status gets more scrutiny. There is usually little excess to cut. Microsoft is cutting hundreds of contractors amid layoffs and a hiring freeze. January 13Crypto.com CEO Kris Marszalek announced the company, which had more than 2,500 employees as of October, according to PitchBook, will cut 20% of its staff in a message to employees, as the company faces ongoing economic headwinds and unforeseeable industry eventsincluding the collapse of Sam Bankman-Frieds cryptocurrency exchange FTX late last year, which significantly damaged trust in the industry.. Tech's 2022 layoffs continue in 2023. as well as other partner offers and accept our. Venture funding is still down year over year, and most companies are still struggling to find capital (unless youre OpenAI, in which case, youre probably not in our layoffs database anyway). February 7In a Securities and Exchange Commission filing, eBay announced a 4% reduction to its workforce (500 employees), as the San Jose, California-based e-commerce company works to cut costs with considerations of the [global] macroeconomic situation.. 10K layoffs at Microsoft announced today. February 15Accounting firm KPMG could cut 2% of its staff (roughly 700 employees), the Financial Times reported, citing a staff memo from Carl Carande, the vice-chair of the companys U.S. advisory business, who said the cuts are intended to align its workforce with current and anticipated market demandmaking it the first of the so-called Big Four accounting firms to conduct a major round of layoffs amid growing recession fears in recent months. Mapping out the future of AR, ThirdEye is taking on Google and Microsoft in real-life scenarios. I have an offer to go outside Microsoft at a non-tech company so just weighin, Since Microsoft owns LinkedIn, would LinkedIn be affected by the upcoming layoffs? Or are there more cuts planned this and next week? #layoff #microsoft, To all the smarty "TRUST ME BRO" techies out there, can anyone tell me any update on this? TC 280-300k depending on stock, https://www.msn.com/en-us/money/markets/more-microsoft-job-cuts-to-impact-hundreds-more-eastside-workers/ar-AA17locc Is it true they are doing more layoffs in March and April out of Washington Which team are getting effected @microsoft, Hi, does anybody know if Microsoft will notify impacted employees by Jan end or do the actual notifications continue until March? Appears to be a mix of design, engineering, product, etc. Startups in cyber, defense and biotech all saw some large rounds in a week that for once was not dominated by artificial intelligence. Q.ai - Powering a Personal Wealth Movement, Microsoft announced 10,000 layoffs on January 18, 2023, These layoffs come amid a string of similar announcements from other tech businesses, In his announcement, CEO Satya Nadella noted that the company will refocus on secular growth and long-term competitiveness. January 23Spotify will lay off 6% of its workforce (roughly 600 employees, based on the 9,800 full-time workers it had as of a September 30 filing) and shares of the firm rose more than 5% in early trading as investors continue to largely digest tech layoffs as positive news for bottom lines, while the companys chief content officer Dawn Ostroff will depart the company as part of the reorganization. I started working as a senior tech recruiter at Microsoft in May. Sign up for Forbes Layoff Lifeline, a week-long newsletter series on how to stand out in todays challenging job market. Just look at how many high-profile tech layoffs there have been this year: from Better to Tesla to Robinhood to Microsoft. January 24Cryptocurrency exchange Gemini is planning to cut 10% of its workforce, according to an internal memo seen by CNBC and The Information, with layoffs estimated to affect 100 of its roughly 1,000 employeesits latest round of cuts after it slashed 7% of its staff last July, and another 10% last May. Verified info from MS Internal Blind 2. I think that camp is in really big trouble until they can actually justify their valuation, Nolan Church, CEO of consulting firm Continuum and former peoples executive at stock option management platform Carta, told me. Saw a few posts about layoff coming on 17th of Jan. HoloLens hardware towards commercial customers, Microsoft 365 subscriptions for consumers, Mark Zuckerberg says Meta now has a team building AI tools and personas, Whoops! We will continue to invest in our business and hire in key growth areas in the year ahead.". More than 120 large U.S. companiesincluding tech startups, major banks, manufacturers and online platformsconducted major rounds of layoffs last year, cutting nearly 125,000 employees, according to Forbes layoff tracker. In recent weeks, tech companies have seen significant layoffs. It can difficult to judge your layoff risk, but those close to profits are not typically targeted. its first round of layoffs . Do you. Stay up to date with what you want to know. January 31HubSpot, a Cambridge, Massachusetts-based software company, said it would cut 7% of its workforce by the end of the first quarter of 2023 in a SEC filing, as part of a restructuring plan, with CEO Yamini Rangan telling staff it follows a downward trend after the company bloomed in the Covid-19 pandemic, with HubSpot facing a faster deceleration than we expected., January 30Philips said it would cut 3,000 jobs worldwide in 2023 and 6,000 total by 2025 after the Dutch electronics and medical equipment maker announced $1.7 billion in losses for 2022, as CEO Roy Jakobs added the company will now focus on strengthening our patient safety and quality management.. You will receive a verification email shortly. Microsofts job cuts are the latest in a slew of layoff announcements. Are they doing it in batches on specific dates? Bad news: Thats not actually saying much. January 26Hasbro said it would cut 15% of its global workforce this year (affecting roughly 1,000 full-time employees), as the toymakers revenue fell 17% over the past year against the backdrop of a challenging holiday consumer environment, CEO Chris Cocks said in a statement. The cuts reach a variety of groups and affect less than 1% of the company, which employed 181,000 people as of June 2021, the company said. HR will also provide talking points on how to handle impacted employees and how to talk to t, Looks like its started but not in engineering. January 5Crypto lender Genesis Trading reportedly laid off 30% of its workforce, according to the Wall Street Journal, which spoke to unnamed sourcesthe companys second round of cuts since August, lowering its staff to 145. In July, Microsoft laid off less than 1% of its staff of 180,000 across departments like consulting and customer solutions, according to Bloomberg. Tech layoffs have run rampant in recent months. Many are seeing layoffs in the news and wondering about their own risk of being laid off. January 25Vacasa, the Portland, Oregon-based vacation rental management company announced it would slash 1,300 positions (17% of its staff) in a SEC filing as it moves to reduce costs and focus on being a profitable company, three months after it announced it would cut another 6% of its staff. On Monday technology industry research group Gartner estimated that PC shipments, a factor affecting Microsoft's Windows operating system business, fell nearly 13% in the third quarter, the most sluggish performance in nine years, in part because of geopolitical issues. Microsoft announced layoffs across multiple divisions on Monday, Axios has confirmed. Microsoft last announced a round of layoffs in 2017, after the start of its new fiscal year. TC: 280k. A Microsoft spokesperson confirmed the move, which comes three months after the company announced a round of layoffs affecting less than 1% of employees. Three days before its Q4 earnings call, Twilio announced it would lay off 15,000 people. Monday's announcement comes three months after Microsoft said it trimmed less than 1% of employees. . Like if you want more updates. The layoffs reportedly affect less than 1% of Microsoft's 180,000-person workforce and follow no clear pattern with respect to geography or product division, touching on teams including customer . Jez Corden a Managing Editor at Windows Central, focusing primarily on all things Xbox and gaming. He also published a memo titled Focusing on our short- and long-term opportunity., In the memo, Nadella first discussed the turbulent economic times the world is experiencing and referenced the birth of the next major wave of computing as artificial intelligence (AI) continues to advance. The software maker called for the. February 2Okta CEO Todd McKinnon unveiled plans to reduce the tech companys workforce by 5% (roughly 300 positions) in an SEC filing on Thursday, citing a period of over-hiring over the past several years that did not account for the macroeconomic reality were in today., February 1NetApp, a San Jose, California-based cloud data company, announced plans in an SEC filing to lay off 8% of its staff (estimated to affect 960 employees) by the end of the fourth fiscal quarter of 2023 in light of the macroeconomic challenges and reduced spending environment.. Details: Microsoft declined to say how many jobs had been cut, but a source said the layoffs numbered under 1,000. Download Q.ai today for access to AI-powered investment strategies. Every industry, company, even department has a different risk, but some areas are more vulnerable than others. In other words, was a rip-the-bandaid approach taken or is there a storm, 1. How much do you think it could be accurate? In fact, for U.S.-focused startups, February was the second-largest layoff month after November 2022. WATCH: Microsoft's Yusuf Mehdi: If customers want a particular chip, we will support them. The job losses, first reported by Bloomberg, impact less than 1 percent of the 180,000-strong global workforce, and are said to be varied across geography and job role . October 18, 2022 at 5:25 p.m. EDT. February 8Yahoo plans to cut more than half of its Yahoo For Business division by the end of the year, affecting more than 1,600 employees, including nearly 1,000 this week alone, according to a company spokesperson, who told Forbes the cuts will simplify and strengthen our advertising business, which has been not profitable and struggled to live up to our high standards.. Microsoft lays off employees across countries. Alex Kipman, who created Kinect and led development on Windows Mixed Reality, resigned following reports of inappropriate behavior, with a significant U.S. military contract for HoloLens reportedly on the rocks. Gupta is responsible for Microsoft Teams consumer, Skype, and GroupMe, and hes focused on building consumer experiences across Microsoft. If you've been affected by the layoffs and want to share your story, please contact me at jez@windowscentral.com or @jezcorden on Twitter. People who are part of providing such services are at high risk of being laid off. For U.S.-focused private companies, February was the second-largest layoff month after November.