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Microsoft is cutting thousands of positions as part of its latest round of layoffs

One of the largest technological corporations in the world, Microsoft, is getting ready to lay off thousands of employees in response to the slowing global economy.

This is just the latest step the company has taken to cut its personnel. The US software giant may reveal intentions to delete a sizable number of posts from throughout the globe. According to reports, Microsoft, which has more than 220,000 employees worldwide, including 6,000 in the UK, is thinking of laying off about 5% of them, or roughly 11,000 positions.

On Tuesday night, that number could not be confirmed, but according to one analyst, Wall Street would be shocked if it wasn’t higher. Also undetermined was whether or how many roles with UK bases may be impacted.

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The business, whose market value has grown to $1.78 trillion thanks to large bets on the development of cloud computing, is expected to release second-quarter financial results the following week.

When everything is said and done, Microsoft’s chairman and CEO Satya Nadella will probably make an announcement on staff cutbacks before providing investors with an update on the company’s financial performance on January 24.

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A number of major internet businesses have wielded the knife in recent weeks, with Amazon announcing intentions this month to eliminate 18,000 positions or approximately 6% of its workforce.

Vanessa Waithera
Vanessa Waitherahttps://techmoran.com
Vanessa Waithera is a young writer from Daystar University. She has been a writer for 7 years and enjoys it as a hobby and passion. During her free time she enjoys nature walks, discoveries ,reading and takes pleasure in new challenges and experiences. Contact: [email protected]

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