The layoffs at
“Today we had a small number of feature eliminations. Like all companies, we regularly evaluate our business priorities and make structural adjustments accordingly,” Microsoft said.
“We will continue to invest in our business over the coming year and grow the overall workforce,” the company added.
Microsoft has also delayed the hiring of Windows,
Microsoft reported strong revenues in the third quarter, with a 26 percent jump (year-over-year) in cloud revenues and total revenue of $49.4 billion.
Last month, however, the company lowered its revenue and profit forecasts for the fourth quarter.
Twitter also cut 30 percent of its recruiting team, while Elon Musk run
Other tech companies that have slowed hiring include:
Cloud giant Oracle recently considered laying off thousands of employees to save up to $1 billion in cost-cutting measures, the media reported.
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