(Singapore, 19/10/2022) Tech giant Microsoft reportedly cut roughly 1,000 employees across multiple divisions, sources told Axios—the company’s third round of cuts this year as employers fear the economy could slide into recession.
The Redmond, Washington based tech giant cut jobs in its Xbox gaming division, the “mission expansion” cloud government division, the “strategic missions and technology” team and Studio Alpha, a war-gaming simulation division, according to Business Insider.
The cuts also hit the company’s Edge team, the experiences and devices division and the legal department, according to The Verge.
When asked about reports of layoffs, a Microsoft spokesperson 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.”
Nearly all the major tech firms have slowed headcount growth, with many freezing all but essential hires. A number of companies have already moved to cut jobs, including Snap and, as Axios reported, Flipboard.
The company has more than 200,000 employees worldwide, according to Microsoft.
Microsoft’s next quarterly earnings report is set for Oct. 25. This will cover the first quarter of Microsoft’s 2023 fiscal year, which started July 1. In July, Microsoft called for about 10% revenue growth in its fiscal first quarter, that’s slower than it’s been in more than five years.
