Microsoft announced layoffs across multiple divisions on Monday, Axios has confirmed.
Why it matters: The move is yet another example of large tech companies cutting jobs after earlier moving to slow or freeze hiring as the broader economy cools.
Details: Microsoft declined to say how many jobs had been cut, but a source said the layoffs numbered under 1,000.
- The cuts occurred across a variety of levels, teams and parts of the world.
- Multiple laid-off workers turned to Twitter and Blind, among other online forums, to share that their job had been cut.
The big picture: Nearly all the major tech firms have slowed headcount growth, with many freezing all but essential hires. A number of companies have already moved to cut jobs, including Snap and, as Axios reported yesterday, Flipboard.
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Article URL : https://www.axios.com/2022/10/18/microsoft-layoffs-latest-tech-firm-cuts