Axios confirmed that Microsoft announced layoffs in several departments on Monday local time. The move is another example of layoffs at large tech companies after earlier slowing or freezing hiring as the broader economy cooled. Microsoft declined to disclose the number of jobs being cut, though the number of layoffs was below 1,000, according to one source.
The layoffs at Microsoft are understood to have occurred at different levels, in teams and in different parts of the world, and several laid-off employees have shared the news of their layoffs on online forums such as Twitter and Blind.
Nearly all major technology companies have slowed their headcount growth, and many have also frozen all necessary hiring activities.
Meta, which has stopped hiring, plans to cut budgets in most departments and expects to make layoffs.
Microsoft said in a statement to Axios: “Like all companies, we regularly evaluate our business experts and make structural changes accordingly. We will continue to invest in our business and hire in key growth areas for the year ahead.”
