Microsoft: New listing reveals Microsoft job cuts may cross 10,000 – Times of India
Citing a new filing with the state Employment Security Department (ESD), a report by Geek Wire said that Microsoft is slashing 158 jobs in Redmond, Washington state, where it is headquartered. The layoff start date was May 5.
“Organisational and workforce adjustments are a necessary and regular part of managing our business,” a Microsoft spokesperson was quoted as saying.
“We will continue to prioritise and invest in strategic growth areas for our future and in support of our customers and partners,” the spokesperson added.
No salary hike for employees
The development comes a day after Microsoft CEO Satya Nadella reportedly told employees that they won’t be getting salary hikes this year.
“We are clear that we are helping drive a major platform shift in this new era of Al, and doing so in a dynamic, competitive environment while also facing global macroeconomic uncertainties,” Nadella reportedly said in his email to employees.
However, there will be bonus and stock awards for employees.
“We will maintain our bonus and stock award budget again this year, however, we will not overfund to the extent we did last year, bringing it closer to our historical averages,” the Microsoft CEO added.
Microsoft announced job cuts this year citing global macroeconomic uncertainties. Reportedly, this is also the reason behind no salary hike this year.
In 2022, Nadella told employees that Microsoft had doubled something called “global merit budget”, which means that the company offered substantial hikes to employees, including mid-level in several countries.
Microsoft’s major investments
Meanwhile, Microsoft has invested billions in artificial intelligence (AI) company OpenAI and is working on the $68.7 billion deal with Call of Duty maker Activision Blizzard.
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