Microsoft has started to layoff process that will likely affect 10000 employees who mainly work in HoloLens, Marketing, Microsoft Edge, and others. The engineers and professionals impacted by the latest layoffs have been tweeting that they are available for work. Many people also changed their LinkedIn profiles with “Opentowork” tag. Microsoft CEO Satya Nadella recently warned about the challenging two years ahead for technology companies. In an internal email, Nadella reportedly revealed that the company will be making changes to reduce the workforce by 10000 jobs through the end of Q1 2023. As many as 800 employees have shown the door today. The reports suggest that the Redmond-based software giant will layoff 10000 employees before the end of March 2023.
Even though Microsoft has started the process of layoff, Nadella added that the company will continue to hire people in key strategic areas. Microsoft will provide above-market severance pay, healthcare coverage for 6 months, continued stocks vesting for 6 months, career transition services including 60 days notice prior to termination. With over 220,000 employees, the Microsoft layoffs affect 5% of its overall workforce worldwide. This is larger than 1% job cut enforced in 2022 by the Windows manufacturer.
The affected employees have been expressing their feelings via tweets. There are reports that a marketing professional with 15 year of experience are also fired
Well gang, the reaper came for my team today & my time at @Microsoft is officially up. It’s been an amazing 15 years. Thanks for being part of it!
I’d love intros/recos to help find my thing. And if you need help with messaging or presentations, I am now available to consult.🙃 pic.twitter.com/j7FPkUizY9
— Ben Rudolph (@BenThePCGuy) January 18, 2023
Today my gf was laid off from @Microsoft as a Software Engineer 😢😭
She has 60 days to find a new job or she will be forced to leave the USA 😭😭😭
Please help her by sharing this post with recruiters who are hiring Software or Data Engineers.https://t.co/52FwecY7Sw
— anthony (@anthonyjdella) January 18, 2023
According to reports, Microsoft has slashed jobs in HoloLens, Microsoft Edge, 343 Industries, Bethesda, and Marketing. It’s to be noted that Microsoft Edge trails behind Google Chrome market share worldwide. Microsoft’s financials stood at $198 billion by the end of 2022 and $83 is operating income. Microsoft cloud platform earned $100 billion in annualized revenue for the first time. The latest round of layoffs is one the highest in the recent past after 18000 employees were axed in 2014. Moreover, the company also handed over pink slips to 12500 Nokia employees.
It’s been a dry run for major Big tech companies since the last 2 months. While Meta announced 11000 layoffs, Amazon also laid off 18000 employees. The recent round of layoffs assumes importance since the company implemented a new unlimited time off policy. The company revealed that a one-time payout in April will be approved for those employees who have an unused vacation balance.
