IT LAYOFFS 2024: AFTER 1000 JOB CUTS IN JUNE, TECH GIANT FIRES MORE EMPLOYEES - DETAILS

As Microsoft's fiscal year concluded on June 30, 2024, the tech giant announced another round of job cuts, according to a report by The Times of India (TOI) citing GeekWire. Such organizational changes are common as the company enters a new financial year.

Microsoft Announces Layoffs

Although Microsoft has not disclosed the exact number of layoffs, reports indicate that the cuts affect numerous teams and geographies. Employees in product and program management roles appear to be among those impacted, as per LinkedIn posts cited by TOI.

In the TOI report, a Microsoft spokesperson commented on the layoffs, stating, “Organizational and workforce adjustments are a necessary and regular part of managing our business.” The spokesperson further added, “We will continue to prioritize and invest in strategic growth areas for our future and in support of our customers and partners.”

Job Cuts in 2024

This latest round of layoffs follows several job cuts earlier in the year. In June, Microsoft laid off more than 1,000 employees across various business units, including the Azure and HoloLens mixed reality divisions, as reported by TOI. In January, nearly 2,000 employees in the gaming unit were laid off shortly after Microsoft’s $69 billion acquisition of Activision Blizzard.

During the COVID-19 pandemic, Microsoft's workforce expanded rapidly, with the company employing 232,000 people by 2022, according to GeekWire's analysis of regulatory filings and earnings reports cited in the TOI report. By the end of 2023, the global headcount was approximately 227,000. The tech industry has seen significant job cuts this year, with over 100,000 employees losing their jobs, as noted by TOI citing Layoffs.fyi.

2024-07-05T12:29:08Z dg43tfdfdgfd