Microsoft to give 200 more employees the pink slip as a restructuring process
By MYBRANDBOOK
Microsoft is reportedly laying off 200 more employees, according to Business Insider. If the reports are to be believed, the tech giant is asking some of its employees to find another position at the company or take severance pay.
According to the report, a senior designer posted details related to the end of its Modern Life initiative on LinkedIn. In the post, the person said that there was “hard news” for the Modern Life Experiences team this week.
The company hasn’t revealed any official details on the same.
The report suggests that the company has given 60 days time to these employees to find another position at the company or take severance pay. "Around 200 employees on the Modern Life Experiences team have been told to find another position at the company within 60 days, or take severance," the report stated.
Only recently Microsoft fired 1800 employees as part of a restructuring process across different regions. But back then the company said that it would hire more people soon. Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly,” Microsoft said in an official statement. It should be noted that the layoffs account for less than 1 per cent of Microsoft’s total workforce of over 1.8 lakh employees.
The tech giant said that the job cuts spanned different groups including consulting, customer, and partner solutions across different regions worldwide. It further added that it will continue to hire new employees and finish the current fiscal year with an increased headcount.
In addition, companies like TikTok, Twitter, Netflix, and many others have also laid off hundreds of their employees as a part of cost-cutting measures amid the slowing economy. Stating the same reason, some tech companies like Google and more slowed hiring.
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