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Microsoft Announces Another Round of Layoffs

Background

Microsoft has announced another round of layoffs, as part of its ongoing efforts to streamline its workforce. This news comes as no surprise, as the tech giant has been making efforts to adapt to the changing market and industry trends.

Impact on Employees

The layoffs have impacted multiple teams across various geographical locations, with employees in product and programme management roles being among those affected. However, the company has declined to provide details about the number of employees that have been laid off.

Company Statement

A Microsoft spokesperson stated, "Organisational and workforce adjustments are a necessary and regular part of managing our business. We will continue to prioritise and invest in strategic growth areas for our future and in support of our customers and partners."

Context

In January, Microsoft laid off 2,000 employees in its gaming unit, following its acquisition of Activision Blizzard. This latest round of layoffs comes shortly after the conclusion of Microsoft’s fiscal year 2024, which ended on June 30.

Recent Layoffs

Microsoft has been implementing restructuring parts of its business when it transitions into a new fiscal year. In June this year, the company cut around 1,000 jobs in areas including the Azure cloud unit and the HoloLens mixed reality organisation.

Employee Count

Microsoft’s employee count rose during the COVID-19 pandemic but has stabilised since. The company had employed around 2,27,000 employees worldwide by the end of 2023, down from 2,32,000 the previous year.

Reasons Behind the Layoffs

The recent layoffs come as Microsoft tries to maintain its profit margins and increase capital expenditure to provide the cloud infrastructure needed to train and deploy the models that power AI applications.

Industry Trends

Microsoft is not the only tech company that has cut jobs. Other tech companies, such as Ola Electric, Simpl, Google, and Meta, have also cut jobs recently. The tech industry has witnessed a wave of job cuts, with more than 98,000 employees laid off from over 330 companies globally in the first half of 2024.

How AI legalese decoder Can Help

In this situation, AI legalese decoder can be a valuable tool for employees who have been laid off or are at risk of being laid off. This AI-powered tool can help decode complex employment contracts and provide insights on employment rights, including severance packages, notice periods, and outplacement support. Additionally, AI legalese decoder can help employees understand their rights and options during the termination process, ensuring they receive the compensation and support they deserve.

Conclusion

Microsoft’s latest round of layoffs is part of its ongoing efforts to adapt to the changing market and industry trends. While the news may be unsettling for affected employees, AI legalese decoder can provide valuable insights and support to help them navigate the situation.

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