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Microsoft Layoffs 2023: The global recession has badly affected the economy of America and Europe. Thousands of tech companies (Tech Layoffs) around the world have shown the way out to lakhs of employees. It also includes the name of Microsoft. In January 2023, the company had talked about the layoff of a total of 10,000 employees (Microsoft Layoff), but now this figure may increase. According to the report published in Green Wire, in the Redmond area of Washington state where Microsoft’s headquarters is located, in addition to 10,000, 158 more employees are being laid off (Microsoft Layoff 2023). The company has started it from May 5, 2023.
The company said this
Talking on this matter, Microsoft said that in order to grow our business and make better use of our workforce, we are making necessary changes. We will continue to make changes in our policies to further increase our investment in the required places. This will benefit both the company and the customers.
Salary will not increase
Microsoft (Microsoft Job Cuts 2023) has decided to take a few more steps to cut down on its expenses in the recession. According to Reuters report, the company will not increase the salary of any of its full time employees this year. Along with this, it has also been decided to cut bonus and stock award. According to the report, the company’s Chief Executive Officer Satya Nadella (Microsoft CEO Satya Nadella) has given this information to his employees through email.
In his email, the CEO said that last year all the employees got the benefit of the bonus (Microsoft Salary Hike), but due to the changing circumstances of this year, this decision has been taken. Significantly, the company is trying to invest extensively on AI by cutting the rest of its expenditure.
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