Microsoft plans to lay off 11,000 employees, which is five percent of the company’s total staff, he writes Reuters Wednesday.
Redundancies are expected to occur within the HR and engineering departments, and are expected to be “significantly larger than previous rounds of redundancies in the prior year,” according to the company. bloomberg.
The cuts are the latest in an increasingly long line of iterations within the tech sector. data that is Collected by Layoffs.fyi It shows that during the first 15 days of the year, 24,151 people were laid off in the global technology sector.
This represents 15 percent of those laid off in the tech sector during 2022, when 154,256 jobs disappeared. Amazon, Meta, and Salesforce top the list so far. Between November 2022 and January 2023, Amazon cut about 18,000 jobs, Meta 11,000 and Salesforce 8,000. With 11,000 cuts, Microsoft will be at the top of the list.
The separations are happening at the same time that the company was rumored to be willing to invest $10 billion — roughly 100 billion kroner — in OpenAI, which deals with artificial intelligence and has developed the ChatGPT chatbot service. Since its launch, the service has taken the internet by storm, reaching more than 1 million users within the service’s first week.
On Wednesday night, the stock closed at $240.35, up 0.47 percent for the day and up 0.22 percent so far in 2023.
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