you may run , but you ca n’t cover fromtech layoffs . That apparently even applies to Microsoft , the world ’s third most valuable company .
On Monday the company reportedly moved to cut less than 1,000 employee propagate out across multiple divisions of its business and various regionsaccording toan Axios report .
If sustain , the layoffs make Microsoft the biggest name so far to shed stave in a twelvemonth longdownturnthat ’s visit at least 44,000 tech worker turn a loss their jobsaccording toCrunchbase data .
Photo: Stephen Brashear (Getty Images)
For now , specific inside information explain the reason for the cut continue sparse . The layoff come three month after Microsoftreportedlymoved to cut other jobs touch around 1 % of the company as part of a blanket “ strategic realignment . ” Microsoft did not immediately reply to Gizmodo ’s request for comment but told Axios it plans to continue invest in its line of work . Notably , Microsoft did not deny the layoffs occurred .
“ Like all company , we assess our business priorities on a even basis , and make structural adjustments consequently , ” a representative enjoin . “ We will continue to invest in our business and hire in key growth region in the twelvemonth ahead . ”
Layoffs and so - call “ realignments ” have impacted just about every corner of the tech industry , from young Web3 wannabee to established streaming giants and just about everything in between . Snap , Patreon , andFlipboardall added their names to the inauspicious list in recent months . Others , like Amazon and Meta , meanwhile have n’t joined the layoff camp but haveannouncedhiring freezesin an effort to stop the bleeding .
Still , Microsoft ’s cuts add up as somewhat of a jar . While other tech colossus likeMetaandGooglehave cable potential cuts for months and evenencouragedtheir own under performing employee to walk out the door , Microsoft continue relatively tranquil on the issue . On newspaper publisher , Microsoft was n’t as susceptible to the effects of aworsening digital advertizing marketplace , and it appeared , at least , that it had n’t over - go itself withunusual investmentsandmad hiringduring the pandemic like some other house .
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