Microsoft cuts about 1,000 jobs: Axios

MICROSOFT laid off under 1,000 employees across several divisions this week, Axios reported on Tuesday (Oct 18), citing a source, making it the latest US technology company to cut jobs or slow hiring amid a global economic slowdown.

The layoffs affected less than 1 per cent of Microsoft’s total workforce of around 221,000 as of Jun 30.

The company had said in July that a small number of roles had been eliminated and that it would increase its headcount down the line.

Microsoft did not immediately respond to a Reuters’ request for comment on the Axios report.

Several technology companies, including Meta Platforms, Twitter and Snap have cut jobs and scaled back hiring in recent months as global economic growth slows due to higher interest rates, rising inflation and an energy crisis in Europe.