Microsoft plans to lay off 1000 in spite of all time high stocks and profits

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ANALYSIS Microsoft plans to lay off about 1,000 people across the tech giant, despite what CEO Satya Nadella described during the corporation’s April earnings call as “a record third quarter.”

While reports have suggested Microsoft would cut as many 1,500 people just from its Azure for Operators group, The Register has been told that number is not accurate and is inflated.

We understand that the layoffs are spread out across more business units, including the company’s Mixed Reality group, which we understand was restructured on Monday. We’re told the business intends to continue working on the Defense Department’s IVAS program, its Mixed Reality hardware, and HoloLens 2 kit.

“Organizational and workforce adjustments are a necessary and regular part of managing our business,” a Microsoft spokesperson told The Register in an email. “We will continue to prioritize and invest in strategic growth areas for our future and in support of our customers and partners.”

The job cuts are about half the number Microsoft made in January, three months after completing its acquisition of Activision Blizzard. In December, Microsoft’s LinkedIn cut about 400 jobs, per a Worker Adjustment and Retraining Notification (WARN) in California. A WARN issued in Washington State in September 2023 tells of 276 people laid off from Microsoft. And at the start of 2023, the Windows biz let go of about 10,000 people.

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www.theregister.com/2024/06/04/microsoft_plans_to_cut_about/

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