Microsoft Jobs Layoff: Microsoft confirmed thousands of job cuts globally on Thursday. The job layoffs may occur mostly in sales area as part of a big re-organization. A series of rumors are viral since the past few days, and the tech giant has now officially paved the path for cutting thousands of jobs. Yet, the company hasn’t unveiled the specific numbers.
The recent reports claim that Microsoft’s total sales force will be cut down by 10 percent approximately. The company said that the majority of jobs expected to be laid off are outside the U.S. Also, this will proceed to few other areas resulting in a slight stock down on Thursday morning.
“Microsoft is implementing changes to better serve our customers and partners. Today, we are taking steps to notify some employees that their jobs are under consideration or that their positions will be eliminated. This can result in increased investment in some places and, from time-to-time, re-deployment in others.” Microsoft said in a statement.
With the Widespread rumors, the company has sent an internal memo to employees detailing a shift in consumer and commercial businesses and how it sells cloud services. However, this
These changes aim growing cloud computing business as the Microsoft’s commercial cloud run rate hit $15.2 billion during the first quarter. Meanwhile, Microsoft revenue in intelligent cloud group grew by 93 percent to $6.8 billion in the quarter.
Employees were reportedly speculating about layoffs and transfers to new positions across the Redmond campus on Thursday. Many employees were set for meetings with managers, and Approximately 25,000 Microsoft workers use the anonymous chat app.
The Redmond-based giant had cut 2,850 people from its smartphone and sales teams back in July last year. The firm cut 7,400 employees for the entirety of the fiscal year 2016. Microsoft has employed 121,567 worldwide as of March 31 which includes 45,535 in Washington State.