Microsoft Reportedly Planning Thousands of Job Cuts Amid Stock Decline
Microsoft is reportedly preparing to cut thousands of jobs across various divisions, including sales and consulting, as its stock experiences one of its worst starts to a year in two decades.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (32/100)Sources
Microsoft planning 2.5% cut in workforce in latest round of tech company layoffs - report
The layoffs will impact thousands of roles, including sales and consulting, as well as jobs at the Xbox gaming division, the Business Insider report said.
Read full article →Microsoft Plans Thousands Of Job Cuts As Stock Suffers Worst Start In Years
Microsoft Plans Thousands Of Job Cuts As Stock Suffers Worst Start In Years Microsoft shares are on track for one of their worst starts to a year in two decades, down roughly 21% year to date as of Tuesday’s close, as a cloud and sales hiring freeze and a broader “reset” of the Xbox unit have made recent headlines. This comes on top of growing concern over Microsoft’s AI spending boom. Like much of the technology sector, Microsoft and other tech giants became labor-heavy afte...
By Tyler Durden
Read full article →
