Microsoft is preparing mass layoff due to uncertain macroeconomic conditions. The company may fire 5 percent of its workforce by this week. The tech giant may announce layoffs as soon as today. Currently, Microsoft has over 220,000 employees, and 5 per cent roughly translates to 11,000. In October last year, Microsoft laid off close to 1000 employees across divisions.
The latest round of job cuts will majorly impact the engineering divisions. This comes just days after Microsoft announced an “unlimited time off policy” for its salaried employees in the US. As a part of the policy, US salaried workers won’t have a fixed number of vacation days and can take unlimited leaves for the same. This does not apply to part-time workers.
Over the last five months, many American tech giants have fired thousands of employees to save operational costs. The companies have mainly blamed the Ukraine-Russia war, slow growth, and over-hiring during the peak COVID-19 pandemic.
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