As the second quarter of the fiscal year came to an end last month, the American multinational corporation, Microsoft, announced today that it will lay off less than 1% of its global workforce, affecting a variety of departments such as consulting, customer, and partner solutions.
According to the tech giant, the layoffs were largely the result of the company’s realignment of business units and roles following the end of its fiscal year on June 30. Meanwhile, the firm further stated that it will continue to hire for other positions and expand its overall headcount by the end of the fiscal year.
The company currently employs approximately 180,000 people around the world. Therefore, the company’s layoffs plan will only affect just less than 1% of the company’s 180,000-person workforce, spreading across geographies and spanning a variety of groups, including consulting and customer and partner solutions.
In the company’s words via email: “Today we had a small number of role eliminations. Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly,” The emailed statement reads. “We will continue to invest in our business and grow our headcount overall in the year ahead.”
Over the years, Microsoft has traditionally announced job cuts shortly after the July 4 holiday in the United States as it makes changes for the new fiscal year. However, this time around, the company stated that the layoffs were not caused by the worsening economic situation, but they also slowed hiring in the Windows and Office groups in May.
Microsoft is an American multinational technology corporation that manufactures computer software, consumer electronics, personal computers, and related services. Its headquarters are in Redmond, Washington, United States. Stay connected with TechGenyz as we bring you the latest updates in the Tech world.