Bad news for Microsoft employees as tech giant to lay off…; largest round of job cuts since…

Microsoft also announced layoffs affecting approximately 6,000 employees in May.
Seattle Times said on Wednesday that the giant Microsoft plans to dismiss about 9,000 employees. This is the dismissal of the second audience in the months and the largest business deduction tour since 2023. As of June 2024, the company had approximately 228,000 employees worldwide. In May, Microsoft announced their dismissal that affected approximately 6,000 employees.
Microsoft layoffs
According to a Bloomberg News report in June, the technology giant was planning to cut thousands of jobs, especially in sales. The upcoming interruptions will target customer roles. Microsoft’s sales and marketing department employs approximately 45,000 as of June 2024. The technology giant is reported to send dismissal notifications on Wednesday. The company, led by Satya Nadella, said it plans to reduce organizational layers with less managers and facilitate their products, procedures and roles. “We continue to implement the necessary organizational changes to position the best position for success in a dynamic market, CN said a Microsoft spokesman, CNBC.
Other layoffs in giants
Earlier this year, Facebook parent Meta said that “the lowest artists” will cut about 5 percent. Alphabet’s Google also dismissed hundreds of employees last year. Amazon also cut off the business segments and in the latest book section.
Microsoft’s share was closed on June 26 at a record level of USD $ 497.45 per share. At the beginning of the transaction session on Wednesday, the stocks decreased by about 0.6 percent, while the S&P 500 was roughly flat.
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