It's becoming common in our industry to get laid off. January 4San Francisco-based software giant Salesforce will reduce its headcount by 10%, or 7,900 employees, CEO Marc Benioff announced in an internal letter, amid a challenging economic climate and as customers take a more measured approach to their purchasing decisions., January 4Online video platform Vimeo announced its second round of cuts in the past six months, which affect 11% of its workforce (roughly 150 of its 1,400 employees, according to data from PitchBook), with CEO Anjali Sud attributing the companys decision to a deterioration in economic conditions.. Like if you want more updates. Venture folks tell me investments will start picking up once valuations come down, which were already starting to see. "This was a result of a strategic realignment, and, like all companies, we evaluate our business on a regular basis. When you purchase through links on our site, we may earn an affiliate commission. Tech layoffs were big news in 2022, and that's looking set to continue in 2023, too, with major companies like Amazon and Salesforce already slashing workforces . Often people think of staff services like finance, facilities, or human resources when they think of areas of layoff risk. February 27Twitter started laying off 200 of the social media giants remaining 2,000 employees in the social media platforms latest round of job cuts, sources familiar with the matter told the New York Times, just weeks after CEO Elon Musk pledged to stabilize the organization following several rounds of layoffs last fall that cut the companys staff of roughly 7,500 by more than half. Seeing a flurry of laid off posts from Microsoft employees today. More layoffs at Twitter, and loyalist Esther Crawford isn't spared February 9News Corp, the owner of the Wall Street Journal, New York Post, publishing giant HarperCollins as well as outlets in the U.K. and Australia, plans to slash its workforce by 5% this year (roughly 1,250 employees), the Journal reported, following a 7% revenue drop to $2.52 billion over a 12-month period ending in December. its first round of layoffs . In recent weeks, tech companies have seen significant layoffs. This combined number includes layoffs in November 2022. https://www.businessinsider.com/microsoft-layoffs-employees-bracing-for-more-2023-1 https://finance.yahoo.com/news/microsoft-cut-thousands-jobs-sky-185334089.html (Reuters) - Microsoft Corp is contemplating cutting about 5% of its workforce, or about 11,000 roles, U.K broadcaster Sky News reported, https://www.reuters.com/technology/microsoft-cut-thousands-jobs-sky-news-2023-01-17/, Does anyone know if the layoffs also will come with new grad offer rescinds, https://www.reuters.com/technology/microsoft-cut-thousands-jobs-sky-news-2023-01-17/ 166k #severance #layoff #microsoft, Hi All, Asking for one of my friend, which all teams/org/division in Microsoft IDC are affected? Historically, Microsoft is pretty quick to jump on the layoff club and start mass layoffs as we saw in 2009 with 5000 people let go. October 18, 2022 at 5:25 p.m. EDT. The basic rule is the closer your job is to the most profitable activities of the company, the lower your risk of layoff. 2023 Vox Media, LLC. I immediately had a feeling that I was going to be impacted. Microsoft is reportedly laying off its team focused on winning back consumers. Now he is worrying why they created this group. Fintech platform Affirm announced during its earnings call that it would slash 19% of its workforce following missed revenue expectations. January 5Online apparel company Stitch Fix will lay off 20% of its salaried staff and close a Salt Lake City distribution center, founder and interim CEO Katrina Lake announced in an internal memo, after laying off another 15% of its staff last June. When I first realized that I may be laid off, I immediately called my mom and we prayed together. That same earnings report saw a small 2% increase in device sales, but Microsoft warned that device revenue could drop as much as 30% by the next earnings report. February 7Disney could lay off as many as 7,000 employees (roughly 3.2% of its 220,000 global employees) in a necessary step to address the challenges we face today, CEO Bob Iger said in a conference call Wednesday afternoon as the company looks to save $5.5 billion by cutting its staff. When retreating to the core business, companies turn to the quality products that make money. January 24Cryptocurrency exchange Gemini is planning to cut 10% of its workforce, according to an internal memo seen by CNBC and The Information, with layoffs estimated to affect 100 of its roughly 1,000 employeesits latest round of cuts after it slashed 7% of its staff last July, and another 10% last May. Microsoft Layoffs News - Microsoft Corp. News from EIN News Microsoft's Office group took a more cautious approach to hiring in May. January 18Microsofts cuts, which affect 10,000 employees (less than 5% of its workforce), come three months after the Washington-based company conducted another round of layoffs affecting less than 1% of its roughly 180,000 employees, with CEO Satya Nadella saying in a message to employees that some workers will be notified starting Wednesday, and the layoffs will be conducted by the end of the third fiscal quarter in September. Chris Williams is a former VP of HR at Microsoft and podcaster, consultant, and TikTok creator. 20-year Microsoft veteran KC Lemson (who also pioneered the much-loved Windows Insider Ninja Cat iconography) tweeted that she was part of the layoffs yesterday. It seems more like a planned thing that was coming anyway and not due to recession Updates: 1. My TC: $250k (I work at MSR and was one of the ones laid off today) #layoff. The curated list of the most valuable private companies in the world |, Freelance Writers: How To Pitch Crunchbase News, Tech Layoffs: U.S. Companies That Have Cut Jobs In 2022 and 2023, Tech Jobs: These Recently Funded Robotics Startups Are Hiring Humans, January Layoffs Analysis: Job Cuts Spike As Companies Conduct Second Rounds, The Weeks 10 Biggest Funding Rounds: Wiz Wraps Up $300M Raise, Skydio Lands $230M For Drones, The 10 Biggest Rounds Of January: OpenAI Starts Out The Year With A Big Bang, Whos Hiring In Tech This Week? 10K layoffs at Microsoft announced today. PC sales have fallen as laptop sales rise, and Microsofts HoloLens, an augmented reality device, has fared poorly enough that the company chose to bury revenues from the product under the devices line item on its earnings report. Microsoft even pivoted itsHoloLens hardware towards commercial customers, and there are new signs HoloLens could be in trouble. NY 10036. Investors will be watching the company closely to see if it can refocus its efforts on more profitable technologies and products. I hadnt heard this about Azure yet so I thought I would share. Microsoft paid about $25.3 million following charges of bribery in 2019. Am I overthinking or are the layoffs expected to continue with WLB at these big companies taking a hit? Layoffs are a somber and saddening subject. Good news: February layoff numbers for the U.S. tech sector were lower than those in January. The company has also significantly slowed hiring.. Lemson worked within the office of the Chief Technical Officer, incubating projects. I Just Got Laid Off by Microsoft After Only 3 Months of Work Microsoft is cutting hundreds of contractors amid layoffs and a hiring freeze. I started. I think companies are trying to prepare for the worst: a possible upcoming recession. February 7In a message to employees, Eric Yuan, the CEO of online meeting platform Zoom, unveiled plans to slash roughly 15% of the companys workforce as the world transitions to life post-pandemic and amid uncertainty of the global economycutting approximately 1,300 positions, after it tripled its staff at the outset of the pandemic. It can difficult to judge your layoff risk, but those close to profits are not typically targeted.. January 31Publishing giant HarperCollins announced it would slash 5% of its staff in the U.S. and Canada as the publisher struggles with declining sales and unprecedented supply chain and inflationary pressures; HarperCollins is estimated to have roughly 4,000 employees worldwide, with more than half of them working in the U.S., the Associated Press reported. When posting fourth quarter 2022 financial results, which saw a year-on-year decline in revenue of 11.2% to $14.8 billion, HP also announced that it expects to lay off 4,000 to 6,000 employees by. Microsoft: Cut nearly 1,000 employees. Tue 12 Jul 2022 // 13:30 UTC. WATCH: Microsoft says it's open to working with unions. Microsoft had been trying to acquire popular communities over the past couple of years, includingTikTok,Pinterest, andDiscord, to improve its efforts with non-business users. Its artificial intelligence can help invest toward any goal and in any kind of economy. Are they just doing it weekly as they go? February 8Internet technology management company GitHub, which is owned by Microsoft, announced it is laying off 10% of its workforceroughly 300 of its 3,000 employeesofficials confirmed to Forbes, saying the move is part of a budgetary realignment intended to preserve the health of our business in the short term). To me it feels cheap. With Investment Kits, like the Emerging Tech Kit, investing can be simple and fun. "Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly," a Microsoft spokesperson told CNBC. January 9Goldman Sachs could lay off as many as 3,200 employees in one of the biggest round of job cuts so far in 2023 as the investment banking giant prepares for a possible recession, multiple outlets reported, citing people familiar with the job cuts. In fact, for U.S.-focused startups, February was the second-largest layoff month after November 2022. I am telling him to stay positive, we don't know why yo. Heres what you should know, and how Q.ai can help investors (and, in this case, tech investors) amidst mass tech layoffs. There are so many open positions in Azure and Windows group. Microsoft killed off its Groove Music service in 2017, officiallydiscontinued Kinect in the same year and also finally admittedWindows Phone was dead. All Rights Reserved. February 27Denver-based software company Palantir Technologies will cut just under 2% of its workforce, even as the company reported a $31 million profit in the last fiscal quarteraffecting as many as 76 of the companys 3,838 employees, according to PitchBook (Palantir did not immediately respond to an inquiry from Forbes). January 20Boston-based furniture e-commerce company Wayfair announced it would cut 10% of its global workforce (1,750 employees), including 1,200 corporate positions, in a move to eliminate management layers and reorganize to be more agile amid reduced salesthe companys latest round of job cuts following its decision to cut 870 employees last August. Business Insider grabbed a statement from Microsoft: "Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly. Got a confidential news tip? Mapping out the future of AR, ThirdEye is taking on Google and Microsoft in real-life scenarios. There was a problem. Bonnie Ross, who led the 343i team developing the Halo franchise, famously left the company a few weeks ago following ongoing criticism of Halo Infinite. Sign up for free newsletters and get more CNBC delivered to your inbox. Verified info from MS Internal Blind 2. Meta did not respond to a Forbes request for details, although company communications director Andy Stone denied the February 22 report that Meta is considering layoffs. 2023 CNBC LLC. Microsoft said Tuesday it cut a small number of workers, days after the software maker began its 2023 fiscal year, a time when the company normally announces structural changes. Microsoft says staff layoffs not linked to recession fears Opinions expressed by Forbes Contributors are their own. Three days before its Q4 earnings call, Twilio announced it would lay off 15,000 people. The company with the most rounds of cuts was Peloton, which underwent four separate rounds of layoffs, including one that affected more than 2,800 workers. On the other hand, this could be the first sign of a continued downward trend for the company. How much do you think it could be accurate? Jez is known for breaking exclusive news and analysis as relates to the Microsoft ecosystem while being powered by caffeine. The cuts occurred across a variety of levels, teams and parts of the world. Still, the overall Microsoft staff cuts hit fewer than 1,000 employees at the cloud services and software giant, Business Insider reported. January 9Artificial intelligence startup Scale AI announced plans to cut one fifth of its staff, CEO Alexandr Wang announced in a blog post, saying the company grew rapidly over the past several years, but faces a macro environment that has changed dramatically in recent quarters.. I stopped believing in it because I know I'm just a number to any company I work for. January 10Coinbase, one of the biggest crypto exchanges in the U.S. announced plans to lay off 25% of its workforce (950 employees) in a company blog post in order to weather downturns in the crypto market, after it laid off another 18% of its staff last June. Axios, which reported the layoffs earlier on Monday, said the cuts impacted fewer than 1,000 people and cited an unnamed person. Cutting back on investments in things like the HoloLens and office-based hardware like the Surface Hub are two components of this. Microsoft's president responds to big tech layoffs As pandemic fears have receded and businesses reopened, tech payrolls are higher than they need to be to keep operations running. By clicking Sign up, you agree to receive marketing emails from Insider HoloLens hardware towards commercial customers, Microsoft 365 subscriptions for consumers, Mark Zuckerberg says Meta now has a team building AI tools and personas, Whoops! MS Stocks and financials seem stable than others 3. #tech #microsoft, It seems official now. We will continue to invest in our business and hire in key growth areas in the year ahead.". Just posting this to piss off Microsoft HR, even though I don't work there. The layoffs affect Microsoft vets like Greg Chapman and KC Lemson, and cut across a broad swath of departments and orgs. Updated: https://blogs.microsoft.com/blog/2023/01/18/subject-focusing-on-our-short-and-long-term-opportunity/ https://www.reuters.com/technology/microsoft-cut-thousands-jobs-sky-new. So February, by comparison to the brutal month before, seems relatively tame. Experts also believe that tech companies over-expanded during the pandemic as people became more reliant on technology to accomplish tasks. as well as other partner offers and accept our. Tech Layoffs: February Marks Third-Worst Month Despite the high-profile layoffs, the U.S. unemployment rate is hovering near a 54-year low at 3.4%, according to the latest government data, as the labor market remains tight. If you are involved in planning events, for example, those are some of the first things that companies cut when times get tight.