February 8Internet technology management company GitHub, which is owned by Microsoft, announced it is laying off 10% of its workforceroughly 300 of its 3,000 employeesofficials confirmed to Forbes, saying the move is part of a budgetary realignment intended to preserve the health of our business in the short term). For U.S.-focused private companies, February was the second-largest layoff month after November. So, don't bother asking the employees. Got a confidential news tip? Access your favorite topics in a personalized feed while you're on the go. January 243M, the maker of Post-it Notes and Scotch tape, announced it would cut roughly 2,500 global manufacturing positions in a financial report, as chairman and CEO Mike Roman said the company expects macroeconomic challenges to persist in 2023.. Between June 2021 and 2022, Microsoft added more than 40,000 people to its payroll. The company has also cut hardware development and releases, scrapping plans for products like the Surface Duo 3 and not announcing any upgrades to its new Surface Hub 2S. #layoff #microsoft, To all the smarty "TRUST ME BRO" techies out there, can anyone tell me any update on this? Google declared layoffs after Microsoft worldwide but the Indian list was released before Microsoft(who hasn't declared any, https://www.businessinsider.com/microsoft-layoffs-widespread-xbox-azure-government-2022-10 Seems like the usual msft trimming. It seems more like a planned thing that was coming anyway and not due to recession Updates:1. Sign up for notifications from Insider! 125,000 Laid Off In Major Cuts As Recession Fears Spiked, According To Forbes Tracker (Forbes), Goldman Sachs Will Reportedly Cut More Than 3,000 JobsAs Major Layoffs Continue Into 2023 (Forbes), 46,000 Laid Off In November Alone As Job Cuts Grow (Forbes), Citigroup will reportedly cut hundreds of its, 125,000 Laid Off In Major Cuts As Recession Fears Spiked, According To Forbes Tracker, Goldman Sachs Will Reportedly Cut More Than 3,000 JobsAs Major Layoffs Continue Into 2023, 46,000 Laid Off In November Alone As Job Cuts Grow. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. There are many reasons that tech companies have been forced to make cuts, including rising interest rates. Updated: https://blogs.microsoft.com/blog/2023/01/18/subject-focusing-on-our-short-and-long-term-opportunity/ https://www.reuters.com/technology/microsoft-cut-thousands-jobs-sky-new. Microsoft had been trying to acquire popular communities over the past couple of years, includingTikTok,Pinterest, andDiscord, to improve its efforts with non-business users. Microsoft Layoffs 2022 - Blind Looks like it's started but not in engineering. Azure, Webxt, etc? While Microsoft isnt officially commenting on the end of its Modern Life initiative, a Microsoft senior designer revealed there was hard news for the Modern Life Experiences team this week in a LinkedIn post. We will continue to invest in our business and hire in key growth areas in the year ahead, Microsoft said in a statement to Axios. I heard they arent gonna drag it to end of March. The conversation has been edited for length and clarity. January 23Spotify will lay off 6% of its workforce (roughly 600 employees, based on the 9,800 full-time workers it had as of a September 30 filing) and shares of the firm rose more than 5% in early trading as investors continue to largely digest tech layoffs as positive news for bottom lines, while the companys chief content officer Dawn Ostroff will depart the company as part of the reorganization. It can difficult to judge your layoff risk, but those close to profits are not typically targeted. The software maker called for the slowest revenue growth in more than five years in the quarter that ended Sept. 30. If you are involved in planning events, for example, those are some of the first things that companies cut when times get tight. As such, contract employees are usually the first out when the tide turns. !function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement("script");o.async=1,o.id=n,o.src="https://e.infogram.com/js/dist/embed-loader-min.js",d.parentNode.insertBefore(o,d)}}(document,0,"infogram-async"); But when layoffs come, contractors are often the first on the chopping block. You certainly don't want to keep company proprietary information, but a noteworthy list that's always up-to-date will make updating your rsum a snap if or when you need to do it. Technology companies are often viewed as volatile and reliant on borrowed money or other influxes of capital. Are these layoffs signs of future struggles for the business or just a proactive step to reduce costs now that people fear an oncoming recession? Investors likely saw signs of financial trouble for Microsoft before the layoffs. Alex Kipman, who created Kinect and led development on Windows Mixed Reality, resigned following reports of inappropriate behavior, with a significant U.S. military contract for HoloLens reportedly on the rocks. Good news: February layoff numbers for the U.S. tech sector were lower than those in January. Watts-Porter's employment and layoff has been confirmed by Insider, and when asked for comment, Microsoft did not respond. Tc: 201k Yoe: 3, Microsoft decided to change it's policy and start giving employees unlimited time off recently. Determining what areas are essential or at risk requires inside knowledge of your firm's retreat and recovery plans and can be difficult to know at a distance. When retreating to the core business, companies turn to the quality products that make money. It helped for us to pray together. Sleeker, more powerful, and redesigned check out the new Lenovo ThinkPad X13 and X13 Yoga, Microsoft is reportedly making anywhere up to 1,000 redundancies, as part of a previously announced "restructuring.". I started. Sign up for Forbes Layoff Lifeline, a week-long newsletter series on how to stand out in todays challenging job market. 2023 Crunchbase Inc. All Rights Reserved. February 24Ericssons latest round of layoffs, which is expected to affect 8% of its nearly 106,000 global employees (roughly 8,500 positions), comes as part of a cost-cutting plan intended to save roughly $880 million by the end of 2023 and includes 1,400 positions it had announced would be cut earlier this week in Sweden, where the company is headquartered. Microsoft said Tuesday it cut a small number of workers, days after the software maker began its 2023 fiscal year, a time when the company normally announces structural changes. But msft MO? A good tool is to maintain a personal list of your accomplishments in a running document. The more info the better? Which groups in Microsoft got impacted yesterday? After the pandemic, many companies didn't recover the way they wanted to, and one way to adjust for that is to perform layoffs. Anybody outside USA received the HR email#, I found this article while searching through the interwebs for clues as to who/what teams are being affected. TheMicrosoft Band fitness device also disappeared in 2016, and efforts with Cortana fell way behind rivalsto the point Microsoft switched things up to chase business users instead. Update 1: Managers of impacted folks will be notified the previous day. Include major successes, and the essential summary information you might include when describing your job to an outsider. 20-year Microsoft veteran KC Lemson (who also pioneered the much-loved Windows Insider Ninja Cat iconography) tweeted that she was part of the layoffs yesterday. If companies don't have loyalty to their employees, we shouldn't have any loyalty to them. February 7In a Securities and Exchange Commission filing, eBay announced a 4% reduction to its workforce (500 employees), as the San Jose, California-based e-commerce company works to cut costs with considerations of the [global] macroeconomic situation.. Microsoft is the latest company to announce a large round of layoffs, cutting 10,000 jobs on Wednesday. Verified info from MS Internal Blind 2. More risky are the activities considered luxuries, like generous benefits and employee perks, and so on. Why would I be the exception? Microsoft is due to release an earnings report next week. I hadnt heard this about Azure yet so I thought I would share. January 13Crypto.com CEO Kris Marszalek announced the company, which had more than 2,500 employees as of October, according to PitchBook, will cut 20% of its staff in a message to employees, as the company faces ongoing economic headwinds and unforeseeable industry eventsincluding the collapse of Sam Bankman-Frieds cryptocurrency exchange FTX late last year, which significantly damaged trust in the industry.. As of June 30, 2022, Microsoft had 221,000 full-time employees, including 122,000 in the United States and 99,000 internationally. Amazon recently laid off 18,000 employees, while Facebook and Instagram owner Meta cut 11,000 jobs. Help Launch Space Satellites Or Fight Cancer With These Startup Jobs, Some Beaten-Down SPACs Recover Amid Tech Rally. Moving forward, Microsoft will look to focus its resources on areas of growth while reducing its investments in other areas. Download Q.ai today for access to AI-powered investment strategies. Office consumer was also up 9 percent year over year, amid an increase in hybrid and remote work. Business Insider grabbed a statement from Microsoft: "Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly. Although the company didn't cite the number of layoffs or the divisions impacted, Axios reports that the cuts affected "a variety of levels, teams, and parts of the world," and totaled "under 1,000 workers." Microsoft has spent 2022 curbing some of its job-hiring momentum. Its artificial intelligence can help invest toward any goal and in any kind of economy. January 25Groupon, in an SEC filing, said it would reduce its head count by 500 employees, globally, in its second major round of cuts in recent months, after the e-commerce company cut another 500 positions last August. Lemson worked within the office of the Chief Technical Officer, incubating projects. The company is facing slower PC and cloud sales, which could be one of the reasons behind the cuts. A little while ago, Microsoft signaled its intent to lay off "less than 1%" of its workforce in a filing with shareholders, and now it seems that those layoffs are officially taking place. It means I am curious and feel mildly embarrassed asking it. Microsoft is the latest tech firm to make significant layoffs in 2022. . Any insider comment? Here is a list of Meta and other tech company layoffs in 2022. Microsoft originally formed the Modern Life Experiences team in 2018 after a rocky period for its consumer services. Various tech companies are making or are expected to make layoffs in the face of current macroeconomic headwinds, owing to increased costs from inflation, disrupted supply chains stemming from China's Covid-19 policies, and Russia's war of aggression in Ukraine. The number of companies anointed unicorn status skyrocketed in 2021, but some of those are beginning to reset their valuation to make peace with the changing venture landscape. Regardless of your layoff risk, keeping your rsum up-to-date is always good advice. as well as other partner offers and accept our. Anyone have insights on how the Microsoft layoff decisions today are being made? January 12DirecTVs cuts could affect hundreds of employees, primarily managers, who make up nearly half of the companys 10,000 employees, sources told CNBC, as the company struggles with an increase in the cost to secure and distribute programming, and after the company lost nearly 3% of its subscribers (400,000) in the third quarter of 2022, according to the Leichtman Research Group. If youre having trouble deciding on the best way to invest, consider working with Q.ai. Microsoft says it's open to working with unions, less interested in growth-oriented stocks. January 26SAP, said it will lay off 3,000 workersaround 2.5% of its global workforcein its earnings call announcing its fourth quarter 2022 results on Thursday, but did not specify where those cuts would be made. February 6Texas-headquartered Dell Technologies, which owns PC-maker Dell, could cut roughly 6,650 employees, reportedly citing uncertain market conditions in their decision to move beyond earlier cost-cutting measures, while analysts noted a crash in demand for personal computer productswhich makes up the majority of Dells salesafter a pandemic high. Microsoft: Cut nearly 1,000 employees. three months after the social media giant cut 11,000 employees in the biggest round of layoffs in 2022. March 1Citigroups cuts are expected to affect less than 1% of the companys roughly 240,000 employees, sources familiar with the matter told Bloomberg, after the company reportedly cut another 50 trading employees in November (Citi did not immediately respond to Forbes request for details). How much do you think it could be accurate? With rates rising, investors have more appealing options that are less risky than tech firms. Microsoft is the latest company to announce a large round of layoffs, cutting 10,000 jobs on Wednesday. Here are some general guidelines roughly in order of lowest risk to highest. I have an offer to go outside Microsoft at a non-tech company so just weighin, Since Microsoft owns LinkedIn, would LinkedIn be affected by the upcoming layoffs? One of the main reasons companies use temporary or contract workers is for this very contingency. February 2Okta CEO Todd McKinnon unveiled plans to reduce the tech companys workforce by 5% (roughly 300 positions) in an SEC filing on Thursday, citing a period of over-hiring over the past several years that did not account for the macroeconomic reality were in today., February 1NetApp, a San Jose, California-based cloud data company, announced plans in an SEC filing to lay off 8% of its staff (estimated to affect 960 employees) by the end of the fourth fiscal quarter of 2023 in light of the macroeconomic challenges and reduced spending environment.. Are they doing it in batches on specific dates? Recession-proof Microsoft lays off nearly 1,000 employees across the company BY Christiaan Hetzner October 18, 2022, 12:00 PM UTC Microsoft CEO Satya Nadella let go of roughly 1,000. Multiple laid-off workers turned to Twitter and Blind, among other online forums, to share that their job had been cut. Looks like most affected are consultants and project managers. January 25Vacasa, the Portland, Oregon-based vacation rental management company announced it would slash 1,300 positions (17% of its staff) in a SEC filing as it moves to reduce costs and focus on being a profitable company, three months after it announced it would cut another 6% of its staff. January 9Artificial intelligence startup Scale AI announced plans to cut one fifth of its staff, CEO Alexandr Wang announced in a blog post, saying the company grew rapidly over the past several years, but faces a macro environment that has changed dramatically in recent quarters.. Have they actually already laid off 10k? We'll update this article with further developments in the coming days. I want to get to the next opportunity as soon as possible so that my mom knows she's taken care of. February 27Cerebral confirmed the mental-health startup will cut 15% of its workforce (roughly 285 employees) in a statement to Forbes, saying the layoffs are part of a reorganization planthe companys third round of layoffs since last summer, including one round in June that affected 350 employees. "Today we had a small number of role eliminations.