New York. Technology company Microsoft (Microsoft Lay Off) is laying off 10,000 of its employees. This is five percent of its total employees working worldwide. The company is taking this step due to the current economic conditions and changing consumer preferences. Microsoft’s Indian-origin Chief Executive Officer (CEO) Satya Nadella while talking to his employees said that the company will scale up its pricing structure in proportion to revenue and consumer demand.
Meta had laid off more than 11,000 employees,
he said, ‘Today we are making such changes, which will reduce 10,000 workers by the end of the third quarter of the financial year 2022-23. This is less than five percent of our total personnel strength. We know that this time is challenging for every concerned person. The company told that the affected workers will be given compensation payment, and health-related facilities for six months, two months prior to notice of termination. Earlier, Meta, the parent company of Facebook, Instagram, and WhatsApp, had fired more than 11,000 workers in November last year.
Microsoft CEO Satya Nadella wrote a letter
Microsoft CEO Satya Nadella has also mentioned the economic slowdown in one of his letters. He wrote, ‘Caution is being taken in every industry. Some parts of the world are in the grip of a recession and other parts are anticipating an economic recession. Today, we are making changes that will reduce our total workforce by 10,000 jobs by the end of Q3 FY 2023. This number is less than 5 percent of our total employee base. We will try our best to do this process with transparency.
Microsoft has removed some employees with immediate effect,
this number was about 13 percent of its total personnel. Uncertainty in the global economy has forced companies to cut costs and restructure operations. Meanwhile, Amazon is laying off more than 18,000 workers. Microsoft told the stock market on Wednesday that it has informed the employees to be fired. Some of these have been removed with immediate effect. The company said it is also making changes to its hardware division and will reduce the number of some of its office premises leased. With these steps, the company will save about $ 1.2 billion.