Microsoft to lay off around 3% of workforce in organisation-wide cuts

Microsoft announced on Tuesday that it will be laying off less than 3% of its workforce, translating to approximately 6,000 employees. This decision comes as the technology giant aims to realign its business strategies in response to evolving market demands. The layoffs are part of an organization-wide effort to streamline operations and enhance focus on key growth areas, such as cloud computing and artificial intelligence. The company has emphasized that the cuts will span across different departments and geographies, minimizing the impact on any single area. Microsoft remains committed to supporting the affected employees through this transition, offering severance packages, career transition services, and other resources. Despite these layoffs, Microsoft continues to hire in strategic areas, underscoring its focus on innovation and long-term growth. As the tech industry faces a period of adjustment, Microsoft’s decision reflects a broader trend of companies reevaluating their workforce needs. Analysts suggest that such moves are not uncommon as businesses adapt to changing economic conditions and technological advancements. While challenging for those impacted, these layoffs are seen as a strategic step for Microsoft to maintain its competitive edge and drive future success.

— Authored by Next24 Live