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Microsoft is cutting hundreds more jobs. Technical layoffs are slowing down, but not stopping.




Technology stocks have had a great year so far. Technical staff, not so much. A new round of layoffs at Microsoft shows that the threat of cutbacks continues to loom over the sector.

Microsoft (ticker: MSFT) is cutting at least 276 jobs, according to a filing with Washington local governments. The layoffs appear to be largely focused on customer service, support and sales, according to tech news website GeekWire, which first reported the cuts, and appear to be on top of the 10,000 jobs Microsoft said it would cut earlier…

Technology stocks have had a great year so far. Technical staff, not so much. A new round of layoffs at Microsoft shows that the threat of cutbacks continues to loom over the sector.

Microsoft (ticker: MSFT) is cutting at least 276 jobs, according to a filing with Washington local governments. The layoffs appear to be largely focused on customer service, support and sales, according to tech news website GeekWire, which first reported the cuts, and appear to be on top of the 1[ads1]0,000 jobs Microsoft said it would cut earlier this year.

Microsoft shares fell 0.1% in premarket trading on Monday.

While the pace of tech job cuts may have slowed since the series of mass layoffs in early 2023, the reductions keep coming. Video game maker Niantic, the developer of Pokemon Go, said in late June that it would cut about 230 employees, or 25% of its workforce.

More than 216,000 tech workers have been laid off this year so far, according to Layoffs.fyi, a website that tracks planned layoffs in media reports and company releases. The tracker shows that the number of announced job cuts has fallen steadily each month from a peak of more than 89,000 in January to 10,524 in June.

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Microsoft isn’t the only big tech company still making cuts. Google parent Alphabet ( GOOG ) recently confirmed to CNBC that it was eliminating advertising jobs in its Waze mapping service. Alphabet outlined plans to cut 12,000 workers in January.

Microsoft did not immediately respond to a Barron’s request for comment early Tuesday.

Write to Adam Clark at adam.clark@barrons.com



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