Microsoft trims more jobs - report

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Sharecast News | 18 Oct, 2022

US tech giant Microsoft has axed further jobs on the back of slowing revenues, it was reported on Tuesday.

According to CNBC, a Microsoft spokesperson confirmed that a number of workers had been let go, as revenues - impacted by weaker sales of Windows licences for PCs - were set to slow.

The layoffs were first reported by Axios, which said fewer than 1,000 people were affected and occurred across a variety of levels, teams and markets.

The latest round of job cuts comes just three months after Microsoft trimmed headcount by a little under 1%.

In a statement, Microsoft said: "Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly. We will continue to invest in our business and hire in key growth areas in the year ahead."

In July, Microsoft said it expected first-quarter revenues to come in between $49.25bn and $50.25bn, below the $51.7bn pencilled in by Wall Street analysts.

The tech giant is due to announced earnings for the three months to September end on 25 October.

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