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Article pasted below: Microsoft conducted another round of layoffs this week in the latest workforce reduction implemented by the Redmond tech giant this year. The cuts impacted multiple teams and geographies. Microsoft declined to provide details about the number of employees laid off. Posts on LinkedIn from impacted employees show the cuts affecting employees in product and program management roles. “Organizational and workforce adjustments are a necessary and regular part of managing our business,” a spokesperson said in a statement. “We will continue to prioritize and invest in strategic growth areas for our future and in support of our customers and partners.”  Microsoft’s fiscal year 2024 ended June 30. It’s not uncommon for Microsoft to restructure parts of its business as it begins a new fiscal year. Last month Microsoft cut around 1,000 jobs across the company, in areas including its Azure cloud unit and HoloLens mixed-reality organization. Microsoft laid off nearly 2,000 employees in January in its gaming unit, three months after the tech giant completed its $69 billion acquisition of Activision Blizzard, the company’s largest acquisition ever. The cutbacks come as Microsoft tries to maintain its profit margins amid heavier capital spending, which is designed to provide the cloud infrastructure needed to train and deploy the models that power AI applications. Microsoft’s headcount surged during the pandemic but has leveled off in the past two years. The company employed about 227,000 people worldwide at the end of the 2023 calendar year, down from 232,000 a year earlier, according to numbers tracked by GeekWire based on regulatory filings and earnings calls. More than 100,000 tech workers have been laid off so far this year, according to Layoffs.fyi. Last year, companies laid off more than 260,000 employees.

Microsoft has initiated its third round of layoffs this year, significantly impacting the product and program management teams. These “organizational and workforce adjustments” are part of Microsoft’s strategy to balance growth and profitability amidst a turbulent economy and rising capital expenditures. This trend is not isolated, as over 100,000 tech workers were made redundant in 2023. Stay informed on how these changes are shaping the tech industry. https://lnkd.in/gEcmAHCw #Microsoft #Workforce #TechIndustry #EconomicChallenges

Microsoft Carries Out Another Round Of Layoffs Across Teams And Geographies, Third This Year So Far https://ift.tt/sLHgYSj Microsoft has reportedly carried out another round of layoffs affecting various teams and regions, with no disclosed number of impacted employees. read more via Benzinga - Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals https://ift.tt/EZySBQg July 04, 2024 at 05:46AM

In 2024, Microsoft Corporation leads in layoffs, having let go of around 1,000 employees. This follows a larger reduction of over 10,000 jobs the previous year, driven by investor pressure due to slow revenue growth. Despite these workforce cuts, Microsoft's stock has surged by 79% since early 2023, although its earnings per share have seen only a slight increase. Joe Procopio argues that such layoffs are due to the tech industry's excessive focus on growth over profitability. Companies have prioritised metrics like user growth and engagement, resulting in attention-grabbing but not necessarily valuable products. He criticises the industry for losing sight of solving real problems and improving lives, instead of chasing vanity metrics and suggests that tech companies should shift their focus towards creating products that genuinely improve lives and provide real value. #Layoffs #Tech #GoBeyond https://lnkd.in/eeaa7KVW

Microsoft has initiated another round of layoffs this week as part of its ongoing effort to streamline its workforce. While the exact number of employees affected remains undisclosed, it is clear that the cuts have impacted various teams and geographical locations. #Layoffs #Microsoft #MicrosoftLayoffs

Microsoft layoffs: Fresh job cuts across verticals at Satya Nadella company for ‘growth’ Full Article Link >>> https://lnkd.in/ge28sr4W Welcome To Latest IND >> Fastest World News Jul 05, 2024 10:52 AM IST Microsoft has not disclosed the number of employees that have been impacted in the latest round of job cuts. Microsoft said that it held another round of layoffs this week after reports claimed that the new job cuts will impact various […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews

Microsoft layoffs: The company cuts 1000 jobs in these two units to focus on ‘strategic growth’ Public Opinion: Why even profitable companies are forced to cut jobs? This is a domino effect that comes down to small-sized companies. Can there be policies set by UN to protect employment all over the globe? #Microsoft #Layoffs #JobCuts #TechIndustry #StrategicGrowth #WorkforceReduction #CorporateStrategy #TechNews #BusinessUpdate #Restructuring

Microsoft layoffs: Fresh job cuts across verticals at Satya Nadella company for ‘growth’ Full Article Link >>> https://lnkd.in/ghjGhGqE Welcome To Latest IND >> Fastest World News Jul 05, 2024 10:52 AM IST Microsoft has not disclosed the number of employees that have been impacted in the latest round of job cuts. Microsoft said that it held another round of layoffs this week after reports claimed that the new job cuts will impact various […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews

More Microsoft layoffs Although it’s unknown how many employees have been affected by these recent layoffs, reports indicate that those in product and program management teams have been hit the hardest. This also comes after it cut around 1,000 jobs across its Azure cloud and mixed-reality teams last month and approximately 2,000 from its gaming division in January. In its defense, Microsoft explained that these “organizational and workforce adjustments” were a necessary and normal part of managing a business in such a rapidly evolving tech landscape. #MicrosoftLayoffs #TechIndustryNews #BusinessAdjustments #WorkforceManagement #TechLandscape #OrganizationalChanges #JobCuts #CorporateStrategy #CareerTransition #CloudComputing #MixedReality #GamingIndustry #AIinTech #TechTrends #DigitalTransformation #CorporateNews #TechJobs #JobMarket

Microsoft Layoffs: Tech Giant Reportedly Lays Off 1,000 Employees in These Two Units; Check Details Tech giant Microsoft is undergoing workforce restructuring, which will reportedly affect around 1,000 employees. The move comes as the company continues to adapt to the changing technological landscape. Layoffs are a common practice in the industry, as businesses adjust to market demands and streamline operations. Microsoft’s latest decision reflects this trend.