After Meta or Amazon, it’s Microsoft ‘s turn to announce a massive layoffs. This is 5% of the group’s payroll which should soon be returned. The tech sector has been facing the economic crisis for several months, the recession is setting in in several countries, and the giants want to reduce the sails and be more cautious about their investments.
Despite the still record profits of the biggest players in the sector, the giants are in turn announcing major savings plans by significantly reducing their number of employees. In the 1st quarter of its fiscal year, Microsoft announced $17.6 billion in profit . After Meta , Twitter or Amazon , it’s Microsoft’s turn to present its plans. 10,000 jobs are affected.
Microsoft boss Satya Nadella published an article to explain the reasons for this Microsoft layoffs. He believes that Microsoft’s customers and partners are reducing their needs, and that the firm must therefore adjust to better weather the bad period.