Microsoft announces mass resignation of 3% of positions globally

by Andrea
0 comments

Microsoft (BDR:) confirmed on Tuesday the resignation of approximately 3% of its global workforce. The measure affects thousands of employees in different areas, levels and regions of the company. Based on the number of 228,000 employees in the world released in June last year, the cut would affect about 6,800 jobs.

“We continue to implement organizational changes needed to better position the company in a dynamic market,” the company said in a press release.

Also read:

Microsoft announces mass resignation of 3% of positions globally

The cut occurs after a. In April, Microsoft reported net income of $ 25.8 billion and made optimistic projections for the coming months.

Continues after advertising

According to the company, layoffs are not related to performance, but to a goal of reducing management layers, in a strategy similar to that adopted by Amazon at the beginning of the year.

The new round of cuts may be the largest since January 2023, when Microsoft has eliminated 10,000 positions. At the time, restructuring also sought to adjust operations in the face of changes in the market and the adoption of artificial intelligence.

Amid the announcement of cuts, the company’s shares drop 0.39% on Tuesday (13), just before 13h. The role, however, closed the eve session at the highest value of the year, to $ 449.26.

Source link

You may also like

Our Company

News USA and Northern BC: current events, analysis, and key topics of the day. Stay informed about the most important news and events in the region

Latest News

@2024 – All Right Reserved LNG in Northern BC