I am telling him to stay positive, we don't know why yo. 10K layoffs at Microsoft announced today. In fact, for U.S.-focused startups, February was the second-largest layoff month after November 2022. Microsoft said Tuesday it cut a small number of workers, days after the software maker began its 2023 fiscal year, a time when the company normally announces structural changes. Technology companies are often viewed as volatile and reliant on borrowed money or other influxes of capital. After my last few years of experience in the job market, I don't believe in company loyalty. Does that mean all the people that were fired lost the vacation days from their severance package? It seems more like a planned thing that was coming anyway and not due to recession Updates: 1. Visit our corporate site (opens in new tab). Three days before its Q4 earnings call, Twilio announced it would lay off 15,000 people. January 24Cryptocurrency exchange Gemini is planning to cut 10% of its workforce, according to an internal memo seen by CNBC and The Information, with layoffs estimated to affect 100 of its roughly 1,000 employeesits latest round of cuts after it slashed 7% of its staff last July, and another 10% last May. Lenovo's Surface-like IdeaPad Duet 3i packs the Intel N-series CPU but you won't find it in the US, Lenovo's new ThinkPad Z13 features a woven Flax cover made from plant fibers, Lenovo ditches old haptic touchpad tech for Sensels FusionUX stack heres why its a big deal. We'll update this article with further developments in the coming days. By clicking Sign up, you agree to receive marketing emails from Insider Anyone knows which departments are affected? Company information: Industry/Area of Activity: Software Company Stock Ticker: MSFT Stock traded at: XNAS Industry Code: 9537 About Microsoft Corp.: Microsoft Corporation is a large multinational technology company with headquarters in Redmond, Washington. February 9News Corp, the owner of the Wall Street Journal, New York Post, publishing giant HarperCollins as well as outlets in the U.K. and Australia, plans to slash its workforce by 5% this year (roughly 1,250 employees), the Journal reported, following a 7% revenue drop to $2.52 billion over a 12-month period ending in December. Why in the f does it mean I feel joy in people laying off? February 24Ericssons latest round of layoffs, which is expected to affect 8% of its nearly 106,000 global employees (roughly 8,500 positions), comes as part of a cost-cutting plan intended to save roughly $880 million by the end of 2023 and includes 1,400 positions it had announced would be cut earlier this week in Sweden, where the company is headquartered. That shift has made investors less interested in growth-oriented stocks such as Microsoft, whose shares have declined about 22% since the start of the year, while the larger S&P 500 index is down 19% over the same period. February 28Cuts at General Motors will number in the low hundreds of employees, a source familiar with the matter told Reuters, while the Detroit News reported the number could affect as many as 500 of the companys 167,000 employees (GM did not respond to Forbes inquiry as to how many employees could be cut). Stay up to date with recent funding rounds, acquisitions, and more with the Looks like most affected are consultants and project managers.3. Crypto company Gemini is having some trouble with fraud, Some Pixel phones are crashing after playing a certain YouTube video. Outside of Xbox, Microsoft doesnt have a community or social service thats widely used by consumers, and TikTok, Pinterest, or Discord could have filled that gap. #layoffs #micr, ~45 people laid off today from Microsoft Research in Redmond. #layoff, WARN notice posted https://esd.wa.gov/about-employees/WARN, Any layoffs coming at Microsoft in 2023? Thank you for signing up to Windows Central. The job losses, first reported by Bloomberg, impact less than 1 percent of the 180,000-strong global workforce, and are said to be varied across geography and job role . I have an offer to go outside Microsoft at a non-tech company so just weighin, Since Microsoft owns LinkedIn, would LinkedIn be affected by the upcoming layoffs? January 18Teladoc Health will cut 6% of its staffnot including cliniciansas part of a restructuring plan the company announced in a financial report on Wednesday, as the New York-based telemedicine company attempts to reduce its operating costs amid a challenged economic environment.. Experts also believe that tech companies over-expanded during the pandemic as people became more reliant on technology to accomplish tasks. Stay up to date with what you want to know. For U.S.-focused private companies, February was the second-largest layoff month after November. Microsoft has seen success with its Microsoft 365 subscriptions for consumers, though. Microsoft Corp. on Monday provided an omen. Layoffs are a somber and saddening subject. Tech layoffs have run rampant in recent months. I wasnt sure if notifications are until March or if impacted employees leave by March end. ABC News. HoloLens hardware towards commercial customers, Microsoft 365 subscriptions for consumers, Mark Zuckerberg says Meta now has a team building AI tools and personas, Whoops! Chris Williams is a former VP of HR at Microsoft and podcaster, consultant, and TikTok creator. MS Stocks and financials seem stable than others 3. Microsoft President Brad Smith joins 'Squawk on the Street' to discuss investment in ESG strategies, tech companies cutting labor forces, and Microsoft's investment in fundamental technology . Investors will be watching the company closely to see if it can refocus its efforts on more profitable technologies and products. The company has also significantly slowed hiring.. January 18Amazon, one of the biggest companies in the country, had outlined a plan to eliminate more than 18,000 positions (including jobs that were cut in November) starting January 18 in a message to staff earlier this month from CEO Andy Jassy, who said the company is facing an uncertain economy after hiring rapidly over the past few years. I've even found that when I interview for full-time jobs, they see that I was a contractor in the past and are more inclined to hire me in that capacity. When I first realized that I may be laid off, I immediately called my mom and we prayed together. The big picture: Nearly all the major tech firms have slowed headcount growth, with many freezing all but essential hires. HR will probably mass flag this post and get it removed. As such, these areas are rarely the source of major cuts in most layoffs. The cuts at Microsoft amount to less than 1% of the total headcount. Include major successes, and the essential summary information you might include when describing your job to an outsider. On Monday technology industry research group Gartner estimated that PC shipments, a factor affecting Microsoft's Windows operating system business, fell nearly 13% in the third quarter, the most. March 1Waymos cuts will affect 8% of its workforce, sources familiar with the matter told Reuters and The Information Wednesday, bringing the total number of employees laid off at the company this year to 209, after its parent company Alphabetwhich is also the parent company of Googleannounced a massive round of layoffs affecting roughly 12,000 employees (Waymo did not immediately respond to a request for comment from Forbes). January 13LendingClub announced it would lay off 225 employees (roughly 14% of its workforce) in a SEC filing, amid a challenging economic environment, as the San Francisco-based company attempts to align its operations to reduced marketplace revenue following seven rounds of Federal Reserve interest rate hikes last year and as concerns persist of a potential recession. February 8Nomad Health, a New York-based online healthcare staffing management company, is laying off 17% of its corporate staff (nearly 120 employees), with CEO Alexi Nazem telling workers in a letter obtained by Forbes the move comes as the company is confronting a major shift in the post-pandemic economy due to high inflation, recession fears and low consumer demand. We want to hear from you. According to TechCrunch,. Any insider comment? Google declared layoffs after Microsoft worldwide but the Indian list was released before Microsoft(who hasn't declared any, https://www.businessinsider.com/microsoft-layoffs-widespread-xbox-azure-government-2022-10 Seems like the usual msft trimming. Find the right companies, identify the right contacts, and connect with decision-makers with an all-in-one prospecting solution. Just look at how many high-profile tech layoffs there have been this year: from Better to Tesla to Robinhood to Microsoft. #layoff. Satya Nadella, chairman and chief executive officer of Microsoft Corp., speaks during the virtual Meta Connect event in New York on Oct. 11, 2022. February 8Internet technology management company GitHub, which is owned by Microsoft, announced it is laying off 10% of its workforceroughly 300 of its 3,000 employeesofficials confirmed to Forbes, saying the move is part of a budgetary realignment intended to preserve the health of our business in the short term). Microsoft Layoffs 2022 - Blind Looks like it's started but not in engineering. Why would I be the exception? This combined number includes layoffs in November 2022. January 9Artificial intelligence startup Scale AI announced plans to cut one fifth of its staff, CEO Alexandr Wang announced in a blog post, saying the company grew rapidly over the past several years, but faces a macro environment that has changed dramatically in recent quarters.. https://www.businessinsider.com/microsoft-layoffs-employees-bracing-for-more-2023-1 https://finance.yahoo.com/news/microsoft-cut-thousands-jobs-sky-185334089.html (Reuters) - Microsoft Corp is contemplating cutting about 5% of its workforce, or about 11,000 roles, U.K broadcaster Sky News reported, https://www.reuters.com/technology/microsoft-cut-thousands-jobs-sky-news-2023-01-17/, Does anyone know if the layoffs also will come with new grad offer rescinds, https://www.reuters.com/technology/microsoft-cut-thousands-jobs-sky-news-2023-01-17/ 166k #severance #layoff #microsoft, Hi All, Asking for one of my friend, which all teams/org/division in Microsoft IDC are affected? Microsoft had been trying to acquire popular communities over the past couple of years, includingTikTok,Pinterest, andDiscord, to improve its efforts with non-business users. The ride-hailing app had two rounds of layoffs at its corporate offices this year: 60 people in July, according to a memo reported by The Wall Street Journal, and 683 people Nov. 3, according to a . I hadnt heard this about Azure yet so I thought I would share. January 31Publishing giant HarperCollins announced it would slash 5% of its staff in the U.S. and Canada as the publisher struggles with declining sales and unprecedented supply chain and inflationary pressures; HarperCollins is estimated to have roughly 4,000 employees worldwide, with more than half of them working in the U.S., the Associated Press reported. A new round of layoffs happened at Microsoft today in an org called MLX. Or are there more cuts planned this and next week? He cut 5% of his workforce. The company is facing slower PC and cloud sales, which could be one of the reasons behind the cuts. #microsoft, My brother works in Microsoft as an engineer. February 16DocuSign unveiled plans to cut 10% of its staff in a Securities and Exchange Commission filing on Thursday, affecting roughly 740 of its 7,400 employeesthe San Francisco-based software companys second round of cuts in less than half a year, after it slashed another 9% of its workforce last November. Judging your layoff risk in these inbetween roles can be difficult. Banking giant Citigroup is cutting hundreds of employees in the firms latest round of cuts in the past four months, Bloomberg reported Thursdaymaking it the latest U.S. company to lay off staff, following major cuts this week at Thoughtworks, General Motors, Waymo, Twitter, Palantir and Cerebral. People who are part of providing such services are at high risk of being laid off. Any dates reavelaed? Google parent company Alphabet slashed its workforce by 12,000 people, while Microsoft and Amazon let go of 10,000 and 8,000 employees, respectively. Opinions expressed by Forbes Contributors are their own. February 7Disney could lay off as many as 7,000 employees (roughly 3.2% of its 220,000 global employees) in a necessary step to address the challenges we face today, CEO Bob Iger said in a conference call Wednesday afternoon as the company looks to save $5.5 billion by cutting its staff. And next layoff coming most likely soon. January 19Student loan servicer Nelnet announced it will let go of 350 associates hired over past next six months, while another 210 will be cut for performance reasons, telling Insider the cuts come as President Joe Bidens student debt forgiveness program continues to stall after facing legal challenges from conservative groups opposed to the measure. At the extreme end of the risk spectrum are contract employees. February 27Denver-based software company Palantir Technologies will cut just under 2% of its workforce, even as the company reported a $31 million profit in the last fiscal quarteraffecting as many as 76 of the companys 3,838 employees, according to PitchBook (Palantir did not immediately respond to an inquiry from Forbes). That same earnings report saw a small 2% increase in device sales, but Microsoft warned that device revenue could drop as much as 30% by the next earnings report. January 31In a statement on Tuesday, online payment company PayPal announced it would cut 7% of its global workforce (2,000 full-time positions) amid a competitive landscape and a challenging macro-economic environment, CEO Dan Schulman said. Have they actually already laid off 10k? All Rights Reserved. If companies don't have loyalty to their employees, we shouldn't have any loyalty to them. "Today we had a small number of role eliminations. Microsofts stock price fell after the announcement, following the markets downward trend for the day. Keep seeing people talk about Microsoft layoffs #layoff #Microsoft #linkedin #tech, Please comment with the details mentioned below if you were laid off from Microsoft : Country: City: Org: Team: Role and Level: Microsoft Tenure: Team Tenure: Severance: ( why? This is the third round of layoffs at the Big Tech firm since July. Here is a list of Meta and other tech company layoffs in 2022. Got a confidential news tip? January 31HubSpot, a Cambridge, Massachusetts-based software company, said it would cut 7% of its workforce by the end of the first quarter of 2023 in a SEC filing, as part of a restructuring plan, with CEO Yamini Rangan telling staff it follows a downward trend after the company bloomed in the Covid-19 pandemic, with HubSpot facing a faster deceleration than we expected., January 30Philips said it would cut 3,000 jobs worldwide in 2023 and 6,000 total by 2025 after the Dutch electronics and medical equipment maker announced $1.7 billion in losses for 2022, as CEO Roy Jakobs added the company will now focus on strengthening our patient safety and quality management.. Alex Kipman, who created Kinect and led development on Windows Mixed Reality, resigned following reports of inappropriate behavior, with a significant U.S. military contract for HoloLens reportedly on the rocks. This year, shares of Microsoft have fallen nearly 30%. The Redmond-based tech giant (Nasdaq: MSFT) is . And even though I'm worried, I do find peace in knowing that God has already laid out what my future will be and He won't lead me astray. Doing a layoff is not resetting your valuation.. https://www.cnbc.com/2022/10/18/microsoft-confirms-job-cuts-after-calling-for-growth-to-slow.html. Tech's 2022 layoffs continue in 2023. February 7In a Securities and Exchange Commission filing, eBay announced a 4% reduction to its workforce (500 employees), as the San Jose, California-based e-commerce company works to cut costs with considerations of the [global] macroeconomic situation.. I am just supporting him. Any rumors? Anyone knows whens the next layoff date? In June, Microsoft slashed its income and revenue guidance, citing unfavorable foreign-exchange rates. I anticipate as economy worsens and gdp gets worse, next quarter they will not meet wall streets expectations. On Monday technology industry research group Gartner estimated that PC shipments, a factor affecting Microsoft's Windows operating system business, fell nearly 13% in the third quarter, the most sluggish performance in nine years, in part because of geopolitical issues. A good tool is to maintain a personal list of your accomplishments in a running document. When I logged into work on Monday, I had several coworkers telling me there were layoffs and they had been affected. I dont think weve seen those companies being put through the crucible yet. Chris Williams is the former VP of HR at Microsoft and a leadership advisor, podcaster, TikTok creator, and author.This story was originally published in September 2022. As of June 30, 2022, Microsoft had 221,000 full-time employees, including 122,000 in the United States and 99,000 internationally. Fast-forward to February: Large tech companies only made up about 82% of layoffs still the majority by a long shot, but we saw worse in November, when 88% of workforce cuts were driven by public tech firms. Cutting 10,000 jobs, equal to about 5% of its workforce, gives Microsoft significant savings on wages and benefits. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The company will be announcing earnings on Oct. 25. Sign up for notifications from Insider! So February, by comparison to the brutal month before, seems relatively tame. When posting fourth quarter 2022 financial results, which saw a year-on-year decline in revenue of 11.2% to $14.8 billion, HP also announced that it expects to lay off 4,000 to 6,000 employees by. Microsoft has experienced some high-profile churn within its organization recently. February 15Accounting firm KPMG could cut 2% of its staff (roughly 700 employees), the Financial Times reported, citing a staff memo from Carl Carande, the vice-chair of the companys U.S. advisory business, who said the cuts are intended to align its workforce with current and anticipated market demandmaking it the first of the so-called Big Four accounting firms to conduct a major round of layoffs amid growing recession fears in recent months. When announcing the layoffs, the memo also stated, while we are eliminating roles in some areas, we will continue to hire in key strategic areas., As part of the layoffs, the company is taking a $1.2 billion charge related to severance costs, changing its hardware portfolio, and consolidating its leases. https://m.youtube.com/watch?v=-mZbLX8EsWk&fbclid=IwAR3lAgle-Q4DUL34bOnJ3yUBoPLl6Soh_jY-I2MlEviD-huz373gTOM86es&ab_channel=ProjectOptimize&mibextid= #layoffs #Microsoft. If you've been affected by the layoffs and want to share your story, please contact me at jez@windowscentral.com or @jezcorden on Twitter. WATCH: Microsoft says it's open to working with unions. 2023 CNBC LLC. Several of these cuts came ahead of, or during, disappointing Q4 earnings reports. Microsoft killed off its Groove Music service in 2017, officiallydiscontinued Kinect in the same year and also finally admittedWindows Phone was dead. In July, Microsoft laid off less than 1% of its staff of 180,000 across departments like consulting and customer solutions, according to Bloomberg. The number of companies anointed unicorn status skyrocketed in 2021, but some of those are beginning to reset their valuation to make peace with the changing venture landscape. I know of some and it seems like it is more driven by group manager discretion than performance, tenure, or recent hire. Gupta is responsible for Microsoft Teams consumer, Skype, and GroupMe, and hes focused on building consumer experiences across Microsoft.