Tag: Microsoft job cuts

Microsoft Cuts Jobs in HoloLens, Surface, Xbox as Layoffs Continue
11Feb By adminNo Comments
Technology

Microsoft Cuts Jobs in HoloLens, Surface, Xbox as Layoffs Continue

[ad_1] Microsoft Corp., implementing the layoff of 10,000 workers announced last month, on Thursday cut jobs in units including Surface devices, HoloLens mixed reality hardware and Xbox, according to people familiar with the matter. Cuts to much of the HoloLens hardware team throw into question whether the company will produce a third iteration of the goggles outside of a planned version for the US Army, said the people, who declined to be named discussing confidential matters. At the Xbox gaming unit, reductions came in marketing and the Xbox Gaming Ecosystem Group, one of the people said. Xbox Chief Phil Spencer emailed employees Thursday to let them know about the cuts without detailing what parts of his business were impacted. “I encourage everyone to take the time and space n...
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Bitcoin Eyes First Two-Day Drop of 2023 as Microsoft Dents Mood
25Jan By adminNo Comments
Technology

Bitcoin Eyes First Two-Day Drop of 2023 as Microsoft Dents Mood

[ad_1] Bitcoin is flirting with its first back-to-back drop since the start of the year following a poor revenue outlook from technology bellwether Microsoft Corp. that dented wider investor sentiment. Bitcoin is flirting with its first back-to-back drop since the start of the year following a poor revenue outlook from technology bellwether Microsoft Corp. that dented wider investor sentiment.The largest token fell as much as 2.5% and was trading at about $22,650 as of 6:11 a.m. in London on Wednesday after edging lower in US hours. A range of smaller coins, from Ether to Cardano to Avalanche, were also in the red. Digital assets are among the many investments that jumped at the start of 2023 on bets that central banks will slow or even reverse interest-rate hikes in the months ahead....
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Big tech’s job-slashing wave
21Jan By adminNo Comments
Technology

Big tech’s job-slashing wave

[ad_1] Google slashes nearly 12,000 jobs worldwide. The layoffs come a day after Microsoft said it would reduce staff numbers by 10,000, following similar cuts by Meta, Amazon and Twitter. Google's announcement Friday it would slash nearly 12,000 jobs worldwide is the latest in a series of mass layoffs in the once-unassailable tech sector, which is facing a huge downturn. Here are the others: - Amazon - The online retail giant said on January 5 it would cut more than 18,000 jobs from its workforce, citing "the uncertain economy" and the fact it had "hired rapidly" during the pandemic. During Covid, Amazon had gone on a hiring spree to meet an explosion in demand for deliveries, doubling its global staff between the beginning of 2020 and start of 2022. It was the largest among...
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Amazon Kicks Off Round of Job Cuts Affecting 18,000 People
19Jan By adminNo Comments
Technology

Amazon Kicks Off Round of Job Cuts Affecting 18,000 People

[ad_1] Amazon.com Inc.  has started its biggest-ever round of jobs cuts  — a culling that will ultimately affect 18,000 workers around the globe. Amazon.com Inc. has started its biggest-ever round of jobs cuts — a culling that will ultimately affect 18,000 workers around the globe. Amazon began notifying employees by email early Wednesday, Doug Herrington, the company's worldwide retail chief, said in a memo. He said the company aimed to communicate with all laid-off workers in the US, Canada and Costa Rica by the end of the day. Notifications in China will be sent after the Chinese New Year, and in other regions the company must consult with employee representatives before finalizing layoffs. The world's largest e-commerce company is grappling with slowing online sales growth an...
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Microsoft Plans 10,000 Job Cuts, To Take $1.2 Billion Charge
19Jan By adminNo Comments
Technology

Microsoft Plans 10,000 Job Cuts, To Take $1.2 Billion Charge

[ad_1] Microsoft Corp. said it plans to cut 10,000 jobs, or about 5% of its workforce, taking steps to cope with an increasingly bleak outlook that has now bruised many of the technology industry’s biggest names. Microsoft Corp. said it plans to cut 10,000 jobs, or about 5% of its workforce, taking steps to cope with an increasingly bleak outlook that has now bruised many of the technology industry's biggest names. The company will take a $1.2 billion charge in the second fiscal quarter related to the move, which will shave 12 cents off of earnings per share, the company said in a corporate filing. The layoffs come as the software giant said it's seeing customers exercise caution, with some parts of the world in recession and others heading toward one. Microsoft is scheduled to rep...
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Microsoft to Cut Jobs as Layoffs Go Deeper Over Demand Slump Fears
18Jan By adminNo Comments
Technology

Microsoft to Cut Jobs as Layoffs Go Deeper Over Demand Slump Fears

[ad_1] Microsoft Corp. plans to cut jobs in a number of engineering divisions on Wednesday. Microsoft Corp. plans to cut jobs in a number of engineering divisions on Wednesday, according to a person familiar with the matter, joining the ranks of technology giants that are scaling back as the industry prepares for a prolonged slump in demand. The magnitude of the cuts couldn't be learned, but the person, who asked not to be identified discussing confidential matters, said the reduction will be significantly larger than other rounds at Microsoft in the past year. Those cuts impacted less than 1% of the software giant's workforce of more than 200,000. Microsoft most recently shrank its workforce in October and July, and has eliminated open positions and paused hiring in various grou...
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UPDATE 1-Microsoft cuts about 1,000 jobs – Axios
19Oct By adminNo Comments
Technology

UPDATE 1-Microsoft cuts about 1,000 jobs – Axios

[ad_1] Microsoft Corp laid off under 1,000 employees across several divisions this week, Axios reported. Microsoft Corp laid off under 1,000 employees across several divisions this week, Axios reported on Tuesday, citing a source, making it the latest U.S. technology company to cut jobs or slow hiring amid a global economic slowdown. The layoffs affected less than 1% of Microsoft's total workforce of around 221,000 as of June 30. "Like all companies, we evaluate our business priorities regularly and make structural adjustments accordingly. We will continue to invest in our business and hire in key growth areas in the year ahead," a Microsoft spokesperson said. The company had said in July that a small number of roles had been eliminated and that it would increase its headcount ...
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