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Business

Microsoft becomes the latest technology company to cut employees




Illustration of a calculator with colorful buttons forming the squares of the Microsoft logo

Illustration: Natalie Peeples/Axios

Microsoft announced layoffs across multiple divisions on Monday, Axios has confirmed.

Why it matters: The move is another example of major tech companies cutting jobs after previously moving to slow or freeze hiring as the broader economy cools.

Details: Microsoft declined to say how many jobs had been cut, but a source said the layoffs were under 1,000.

  • The cuts occurred at a number of levels, teams and parts of the world.
  • Several laid-off workers took to Twitter and Blind, among other online forums, to share that their jobs had been cut.

The big picture: Almost all the big tech companies have slowed their growth in headcount, with many freezing all but essential hires. A number of companies have already moved to cut jobs, including Snap and, as Axios reported yesterday, Flipboard.

  • Meta, which had already frozen hiring, plans to cut budgets in most divisions, with layoffs expected.

What they say: “Like all companies, we periodically evaluate our business priorities and make structural adjustments accordingly. We will continue to invest in our business and hire in key growth areas in the year ahead,” Microsoft said in a statement to Axios.

Editor’s note: This story has been updated with additional details.



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