..speaks volume.
..companies that continue to enjoy growth and profits, albeit weaker, have no hesitation to cut jobs that it deems it no longer needs.
..AI??
..this is the problem, not so much Govt actions in its entirety. Microsoft to cut 6000 employees
Bloomberg
Microsoft said it will cut 6000 workers across the company in an effort to reduce management layers.
The planned terminations will amount to less than 3 per cent of the total headcount and occur across geographies, employee levels and include LinkedIn, a spokesperson said. “We continue to implement organisational changes necessary to best position the company for success in a dynamic marketplace.”
Microsoft, which employed 228,000 people in June 2024, deploys periodic layoffs, often to reorient its headcount toward priority areas. The company laid off 10,000 people in January 2023, including personnel at the HoloLens augmented reality headset unit and other hardware projects.
About 2000 workers will be impacted at Microsoft’s headquarters in Redmond, Washington, according to a state filing on Tuesday (Wednesday AEST). The terminations are expected to commence on July 13.
