American Tech giant ‘Microsoft’ has recently cut jobs of 1,800 of its staff as it realigned business groups and roles after the close of the company’s fiscal year on June 30. As per the reports, the layoffs affected around 1% of its total 1,80,000 workforce across its offices and product divisions.
“Today we had a small number of role eliminations. Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly.” Microsoft told Bloomberg in a statement on Tuesday.
“We will continue to invest in our business and grow headcount overall in the year ahead,” the company added.
In the last few years, the company has announced job cuts soon after July 4 holiday in the US because it makes changes for the upcoming new fiscal period. But the company further said that the layoffs were incited not because of the worsening economic picture, but because the company put the brakes on hiring the Windows and office groups in May.
The American tech giant has slowed hiring in Windows, it also reported strong earnings in its third quarter with a 26% jump (one-year) in cloud revenue of $49.4 billion. However, last month, the company unveiled its Q4 revenue and earnings suggestions downward.
Twitter cuts employee count
Twitter, now, has also cut a total of 30% of its recruiting team while Elon Musk’s Tesla, has been laying off hundreds of its employees.