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. January 26Software company IBM announced it would slash 1.5% of its global workforce, estimated to affect roughly 3,900 employees, according to CFO James Kavanaugh, multiple outlets reported, as the company expects $10.5 billion in free cash flow in fiscal year 2023. The German enterprise software firmwhose U.S. headquarters are in Pennsylvaniasaid the layoffs were part of an effort to cut costs and strengthen focus on its core cloud computing business. Though many tech firms have reduced their headcount recently, major competitor Apple has yet to announce layoffs. 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? After my last few years of experience in the job market, I don't believe in company loyalty. #layoff. February 10Twilios cuts, which will affect just over 1,500 of the companys nearly 9,000 employees, according to Pitchbook, come as part of a major realignment planthe companys second in five months, following its decision to slash another 11% of its workforce last September, with CEO Jeff Lawson saying in a message to employees on Monday, its clear that weve gotten too big.. Every industry, company, even department has a different risk, but some areas are more vulnerable than others. Chapman worked on the Azure team, making realistic 3D simulations for government organizations. With rates rising, investors have more appealing options that are less risky than tech firms. 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. Are they doing it in batches on specific dates? 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? People who are part of providing such services are at high risk of being laid off. 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. Often people think of staff services like finance, facilities, or human resources when they think of areas of layoff risk. The layoffs are expected to include around 1,000 employees. We want to hear from you. January 19Student loan servicer Nelnet announced it will let go of 350 associates hired over past next six months, while another 210 will be cut for performance reasons, telling Insider the cuts come as President Joe Bidens student debt forgiveness program continues to stall after facing legal challenges from conservative groups opposed to the measure. A Division of NBCUniversal. February 7Disney could lay off as many as 7,000 employees (roughly 3.2% of its 220,000 global employees) in a necessary step to address the challenges we face today, CEO Bob Iger said in a conference call Wednesday afternoon as the company looks to save $5.5 billion by cutting its staff. Good news: February layoff numbers for the U.S. tech sector were lower than those in January. February 1FedEx announced it will slash 10% of its officer and director team and consolidate some teams and functionsfour months after the delivery giant unveiled plans for a hiring freeze and that it would close 90 office FedEx Office locationsin a move CEO Raj Subramaniam said was necessary to make the company a more efficient and agile organization (FedEx employs roughly 547,000 people, according to PitchBook). When I first realized that I may be laid off, I immediately called my mom and we prayed together. Microsoft also laid off its entire "modern life" team in August, dedicated to winning consumers back into the Windows ecosystem from competitors like Apple. Microsoft layoffs October 2022: The tech giant cuts nearly 1,000 jobs Oct 17, 2022 - Technology Microsoft becomes latest tech firm to cut staff Ina Fried, author of Axios Login Illustration: Natalie Peeples/Axios Microsoft announced layoffs across multiple divisions on Monday, Axios has confirmed. All eyes will now be on Microsofts hire of Manik Gupta last year, the former head of product at Uber. Microsoft Layoffs 2022 - Blind Looks like it's started but not in engineering. 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. Moving forward, Microsoft will look to focus its resources on areas of growth while reducing its investments in other areas. Watts-Porter's employment and layoff has been confirmed by Insider, and when asked for comment, Microsoft did not respond. Anyone have insights on how the Microsoft layoff decisions today are being made? March 1Waymos cuts will affect 8% of its workforce, sources familiar with the matter told Reuters and The Information Wednesday, bringing the total number of employees laid off at the company this year to 209, after its parent company Alphabetwhich is also the parent company of Googleannounced a massive round of layoffs affecting roughly 12,000 employees (Waymo did not immediately respond to a request for comment from Forbes). Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. Microsofts stock price fell after the announcement, following the markets downward trend for the day. Sleeker, more powerful, and redesigned check out the new Lenovo ThinkPad X13 and X13 Yoga, Microsoft is reportedly making anywhere up to 1,000 redundancies, as part of a previously announced "restructuring.". Microsoft is the latest company to announce a large round of layoffs, cutting 10,000 jobs on Wednesday. Opinions expressed by Forbes Contributors are their own. TC: 280k. Microsofts job cuts are the latest in a slew of layoff announcements. . Like if you want more updates. Microsoft, like many other tech companies, recently. 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.. The big picture: Nearly all the major tech firms have slowed headcount growth, with many freezing all but essential hires. Impacted employees are receiving packages that include above-market severance pay, continuing healthcare coverage for six months, continued vesting of stock awards for six months, career transition services, and 60 days notice before termination, regardless of whether such notice is legally required., He ended the memo by saying, the start of 2023, its showtime for our industry and for Microsoft. Sheldon Cooper/SOPA Images/LightRocket via Getty Images, latest round of tech layoffs sweeping the industry, becoming more and more common for tech companies to rely on contractors. Just wanted to know if there is any update on Microsoft India layoffs or any insider. I started working as a senior tech recruiter at Microsoft in May. 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. If you're an essential part of building the most profitable product for your company, your layoff risk is low. Also when layoffs is going to start in India? You will receive a verification email shortly. Got a confidential news tip? Tue 12 Jul 2022 // 13:30 UTC. It seems more like a planned thing that was coming anyway and not due to recession Updates:1. Your guess is as good as ours :-). TheMicrosoft Band fitness device also disappeared in 2016, and efforts with Cortana fell way behind rivalsto the point Microsoft switched things up to chase business users instead. January 243M, the maker of Post-it Notes and Scotch tape, announced it would cut roughly 2,500 global manufacturing positions in a financial report, as chairman and CEO Mike Roman said the company expects macroeconomic challenges to persist in 2023.. 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. Anyone knows which departments are affected? If, when times were flush, the company recently decided to explore new lines of business, or expand into new territories, those are tenuous places to work. Sign up for free newsletters and get more CNBC delivered to your inbox. All Rights Reserved, By submitting your email, you agree to our. 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.. Lenovo's Surface-like IdeaPad Duet 3i packs the Intel N-series CPU but you won't find it in the US, Lenovo's new ThinkPad Z13 features a woven Flax cover made from plant fibers, Lenovo ditches old haptic touchpad tech for Sensels FusionUX stack heres why its a big deal. MS Pay is not great either Whats the motivation for layoff? It's pretty sad to see such a big company laying off employees. Rumor going around there is one more layoff at MS on 2/6. In his memo, Nadella said that the company would continue to invest in strategic areas for our future, meaning we are allocating both our capital and talent to areas of secular growth and long-term competitiveness for the company, while divesting in other areas.. !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"); Some people may find a new job within a week, but other people may be out of work for months. The curated list of the most valuable private companies in the world |, Freelance Writers: How To Pitch Crunchbase News, Tech Layoffs: U.S. Companies That Have Cut Jobs In 2022 and 2023, Tech Jobs: These Recently Funded Robotics Startups Are Hiring Humans, January Layoffs Analysis: Job Cuts Spike As Companies Conduct Second Rounds, The Weeks 10 Biggest Funding Rounds: Wiz Wraps Up $300M Raise, Skydio Lands $230M For Drones, The 10 Biggest Rounds Of January: OpenAI Starts Out The Year With A Big Bang, Whos Hiring In Tech This Week? 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. Total employment in the U.S increased by 517,000 positions in January, nearly tripling economists expectations, as industries such as construction, hospitality and healthcare bring in new workers despite recent cuts primarily in the tech industry. Microsoft Layoffs - Blind Read the latest insights, reviews, and recommendations about Microsoft Layoffs from 5M+ verified employees at top companies. I've even found that when I interview for full-time jobs, they see that I was a contractor in the past and are more inclined to hire me in that capacity. March 1Chicago-based software consulting firm Thoughtworks will cut 4% of its roughly 12,500 global employees in a move intended to support the future growth of the business, spokesperson Linda Horiuchi confirmed to Forbes, following the companys prediction in a first quarter forecast that revenue will drop by more than 5% from the first quarter last year. 10K layoffs at Microsoft announced today. Microsoft has experienced some high-profile churn within its organization recently. February 16DocuSign unveiled plans to cut 10% of its staff in a Securities and Exchange Commission filing on Thursday, affecting roughly 740 of its 7,400 employeesthe San Francisco-based software companys second round of cuts in less than half a year, after it slashed another 9% of its workforce last November. As such, contract employees are usually the first out when the tide turns. Got a confidential news tip? 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. Download Q.ai today for access to AI-powered investment strategies. Data is a real-time snapshot *Data is delayed at least 15 minutes. Not sure if any other org got laid off. We'll update this article with further developments in the coming days. Stay up to date with what you want to know. The more info the better? https://m.youtube.com/watch?v=-mZbLX8EsWk&fbclid=IwAR3lAgle-Q4DUL34bOnJ3yUBoPLl6Soh_jY-I2MlEviD-huz373gTOM86es&ab_channel=ProjectOptimize&mibextid= #layoffs #Microsoft. How much do you think it could be accurate? Thank you for signing up to Windows Central. Gupta is responsible for Microsoft Teams consumer, Skype, and GroupMe, and hes focused on building consumer experiences across Microsoft. I started. Some, like Uber, have yet to turn a significant profit at all. Any insider comment? 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. Microsoft 365 consumer subscriptions grew 15 percent in the recent quarter, up to 59.7 million. January 18Teladoc Health will cut 6% of its staffnot including cliniciansas part of a restructuring plan the company announced in a financial report on Wednesday, as the New York-based telemedicine company attempts to reduce its operating costs amid a challenged economic environment.. There is usually little excess to cut. Rivals like Google, Amazon, Facebook have all acquired big consumer apps like YouTube, Twitch, and Instagram, and Microsoft is still trying to align its consumer offerings. But just four months later, I've already lost my job to the latest round of tech layoffs sweeping the industry. 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. It means I am curious and feel mildly embarrassed asking it. Access your favorite topics in a personalized feed while you're on the go. Judging your layoff risk in these inbetween roles can be difficult. Microsofts consumer efforts are now focused on Windows, Microsoft 365, Microsoft Teams for consumer, Surface, and of course Xbox. The cuts . 150 in Engineering also part of layoff. WATCH: Microsoft says it's open to working with unions. Regardless of your layoff risk, keeping your rsum up-to-date is always good advice. Is it for the next round of layoffs? But it's really difficult to be a contractor, because people don't realize that contractors have just as much if not more experience than full-time employees. #layoff, WARN notice posted https://esd.wa.gov/about-employees/WARN, Any layoffs coming at Microsoft in 2023? Find the right companies, identify the right contacts, and connect with decision-makers with an all-in-one prospecting solution. 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. Any rumors? 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. Follow on Twitter @JezCorden and listen to his Xbox Two podcast, all about, you guessed it, Xbox! Just look at how many high-profile tech layoffs there have been this year: from Better to Tesla to Robinhood to Microsoft. I'm a former VP of HR at Microsoft and have been on both sides of a layoff. The number of companies anointed unicorn status skyrocketed in 2021, but some of those are beginning to reset their valuation to make peace with the changing venture landscape. A new report from Business Insider, corroborated by testimonies on Twitter, suggests that many departments have been affected, including the Xbox division and Microsoft's Strategic Missions and Technology team. The company has also cut hardware development and releases, scrapping plans for products like the Surface Duo 3 and not announcing any upgrades to its new Surface Hub 2S. Please refresh the page and try again. Another area where you should be concerned is new initiatives. 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. I think companies are trying to prepare for the worst: a possible upcoming recession. January 4San Francisco-based software giant Salesforce will reduce its headcount by 10%, or 7,900 employees, CEO Marc Benioff announced in an internal letter, amid a challenging economic climate and as customers take a more measured approach to their purchasing decisions., January 4Online video platform Vimeo announced its second round of cuts in the past six months, which affect 11% of its workforce (roughly 150 of its 1,400 employees, according to data from PitchBook), with CEO Anjali Sud attributing the companys decision to a deterioration in economic conditions.. MSFT beat expectations but not by a whole lot. This is the third round of layoffs at the Big Tech firm since July. Appears to be a mix of design, engineering, product, etc. Microsoft is laying off hundreds of . There are many reasons that tech companies have been forced to make cuts, including rising interest rates. 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. PC sales have fallen as laptop sales rise, and Microsofts HoloLens, an augmented reality device, has fared poorly enough that the company chose to bury revenues from the product under the devices line item on its earnings report. https://www.windowscentral.com/microsoft/microsoft-to-lay-off-11000-employees-as-soon-as-tomorrow, I saw a job posting that I am interested in at Microsoft. Between June 2021 and 2022, Microsoft added more than 40,000 people to its payroll. Satya Nadella, chairman and chief executive officer of Microsoft Corp., speaks during the virtual Meta Connect event in New York on Oct. 11, 2022. "We will continue to invest in our business and hire in key growth areas in the year ahead.". Sign up for free newsletters and get more CNBC delivered to your inbox. So February, by comparison to the brutal month before, seems relatively tame. Microsoft killed off its Groove Music service in 2017, officiallydiscontinued Kinect in the same year and also finally admittedWindows Phone was dead. We continue to invest in certain areas and grow headcount in the year ahead." HoloLens hardware towards commercial customers, Microsoft 365 subscriptions for consumers, Mark Zuckerberg says Meta now has a team building AI tools and personas, Whoops! 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. Microsoft Corp. is set to post quarterly results after the . Crypto company Gemini is having some trouble with fraud, Some Pixel phones are crashing after playing a certain YouTube video. In 2018 the software giant originally detailed its efforts to win back the non-enterprise customers it let down, forming a Modern Life Experiences team to focus on professional consumers (prosumers).