Satya Nadella-run Microsoft becomes first tech giant to lay off employees


The economic collapse has reached Great technology and Satya Nadella run Microsoft has become the first tech giant to lay off employees as part of a ‘reshuffle’.

The layoffs at Microsoft reportedly affects nearly 1 percent of its 1.80,000 employees across all offices and product divisions.

“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. Bloomberg late Tuesday in a statement.

“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, Teams and Office groups.

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 Tesla has laid off hundreds of employees.

Other tech companies that have slowed hiring include: NvidiaSnap, Uber, Spotify, Intel and Salesforce, among others.

Cloud giant Oracle recently considered laying off thousands of employees to save up to $1 billion in cost-cutting measures, the media reported.


Stock trading and side issues – this is how salaried Indians try to deal with rising costs

Covid-19 cases rise by 30% in the world and the pandemic is ‘far from over,’ says WHO