Monitoring desk
ISLAMABAD/WASHINGTON: Microsoft Corp plans to cut thousands of jobs, and some roles are expected to be removed in human resources and engineering divisions.
According to Reuters, the expected layoffs would be new in the US technology sector, where well-known companies, including Meta Platforms Inc and Amazon.com Inc, have already announced retrenchment exercises in response to slow demand and the worsening international economic outlook.
Microsoft’s move indicates that the technology sector may continue to shed jobs.
Microsoft cuts thousands of jobs
Morningstar analyst Dan Romanoff said that “from a larger picture perspective, another pending round of layoffs at Microsoft suggested the environment is not improving and likely continues to worsen.”
Citing sources, Sky News said that Microsoft plans to cut about 5 per cent of its workforce or about 11,000 roles.
Microsoft plans to cut jobs in a number of engineering divisions, according to Bloomberg News.
The Insider reported that Microsoft could cut recruiting employees by as much as one-third.
The cuts could be significantly larger than other rounds in the previous year.
Microsoft has declined to comment on the reports.
According to reports, the company had 221,000 full-time workers, including 122,000 in the United States and 99,000 internationally, as of June 30.
