Microsoft to lay off around 3% of its worldwide employees
Microsoft is planning to lay off a lot of employees. It is expected that the company will cut its workforce by about 3% globally. The move will directly affect employees in the thousands all around the world.
Second significant layoff following last year's job cuts
This will be the second largest layoff by Microsoft. In 2023, the company fired 10,000 workers. In June last year, Microsoft had around 228,000 employees across the globe.
Microsoft is looking to restructure for improved market positioning
A spokesperson for Microsoft informed CNBC that the changes have to be made. The idea is to position the company more effectively in the marketplace. The company plans to consolidate management levels and improve efficiency.
Mid-level managers will bear the brunt of the impact
This latest round of layoffs is likely to affect primarily mid-level management positions. Microsoft is trying to lessen its structure and reduce its expenses.
Previous job cuts not connected to present layoffs
Microsoft disbanded staff last January due to poor performance. Nevertheless, the company confirmed that the present layoffs have nothing to do with performance.
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