Meta Platforms and Salesforce are among those in Silicon Valley that have slowed their pace of hiring this year, even as Coinbase, Netflix and others have resorted to layoffs. A number of companies have already moved to cut jobs, including Snap and, as Axios reported yesterday, Flipboard. On Wednesday, Microsoft CEO Satya Nadella announced the layoff of 10,000 employees. Updated on February 27, 2023. Chris Williams is a former VP of HR at Microsoft and podcaster, consultant, and TikTok creator. This combined number includes layoffs in November 2022. People who are part of providing such services are at high risk of being laid off. Although the company didn't cite the number of layoffs or the divisions impacted, Axios reports that the cuts affected "a variety of levels, teams, and parts of the world," and totaled "under 1,000 workers." Microsoft has spent 2022 curbing some of its job-hiring momentum. In previous generations, people were told to graduate college and get a good job then work there until they retire and cash out their 401k accounts. ThirdEye's second-gen X2 MR glasses can be . The layoffs are expected to include around 1,000 employees. Microsoft, like many other tech companies, recently announced plans to lay off 5% of staff. The more info the better? I got news from a confirmed higher-up that there would layoffs in Microsoft India. Moving forward, Microsoft will look to focus its resources on areas of growth while reducing its investments in other areas. 2023 CNBC LLC. I wasnt sure if notifications are until March or if impacted employees leave by March end. New York, While Microsoft isnt officially commenting on the end of its Modern Life initiative, a Microsoft senior designer revealed there was hard news for the Modern Life Experiences team this week in a LinkedIn post. 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. In addition, HR is essential in the layoff process, and finance is often relied on as the financial status gets more scrutiny. A Microsoft spokesperson confirmed the move, which comes three months after the company announced a round of layoffs affecting less than 1% of employees. The move marks the latest sign of weakness among some of the largest U.S. tech companies amid persistent inflation, recession fears and stock market woes. 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.. If you've been affected by the layoffs and want to share your story, please contact me at jez@windowscentral.com or @jezcorden on Twitter. January 23Spotify will lay off 6% of its workforce (roughly 600 employees, based on the 9,800 full-time workers it had as of a September 30 filing) and shares of the firm rose more than 5% in early trading as investors continue to largely digest tech layoffs as positive news for bottom lines, while the companys chief content officer Dawn Ostroff will depart the company as part of the reorganization. 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. The company trimmed thousands of employees as it adjusted its approach to selling. By clicking Sign up, you agree to receive marketing emails from Insider We want to hear from you. Anybody outside USA received the HR email#, I found this article while searching through the interwebs for clues as to who/what teams are being affected. Layoffs Microsoft mileiq mobile data labs Apps More layoffs at Twitter, and loyalist Esther Crawford isn't spared Rebecca Bellan 2:07 PM PST February 26, 2023 Twitter has laid off at least. The Redmond-based tech giant (Nasdaq: MSFT) is . Here is a list of Meta and other tech company layoffs in 2022. Verified info from MS Internal Blind 2. Business Insider grabbed a statement from Microsoft: "Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly. January 26Michigan-based chemical company Dow announced it would cut 2,000 positions globally in a cost-reducing plan aimed at saving $1 billion, as CEO Jim Fitterling said the company navigates macro uncertainties and challenging energy markets, particularly in Europe.. In 2018 the software giant originally detailed its efforts to win back the non-enterprise customers it let down, forming a Modern Life Experiences team to focus on professional consumers (prosumers). Amazon layoffs. February 1Boston-based online sports betting company DraftKings also said it plans to cut 3.5% of its global workforce, in a cost-cutting move expected to affect approximately 140 employees, the Boston Globe reported. March 1Waymos cuts will affect 8% of its workforce, sources familiar with the matter told Reuters and The Information Wednesday, bringing the total number of employees laid off at the company this year to 209, after its parent company Alphabetwhich is also the parent company of Googleannounced a massive round of layoffs affecting roughly 12,000 employees (Waymo did not immediately respond to a request for comment from Forbes). He cut 5% of his workforce. The software maker called for the. Microsoft Layoffs - Blind Read the latest insights, reviews, and recommendations about Microsoft Layoffs from 5M+ verified employees at top companies. Judging your layoff risk in these inbetween roles can be difficult. 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. But those areas run quite lean in most companies, even when times are flush. / Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. #layoffs #micr, ~45 people laid off today from Microsoft Research in Redmond. Looks like most affected are consultants and project managers.3. 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. #layoff Non paywall link https://archive.ph/2022.10.18-013033/https://www.businessinsider.com/microsoft-layoffs-widespread-xbox-azure-government-2022-10, Instead of Satya Nadella cutting his paycheck like Tim Cooks did. Microsoft also faces stiff competition in areas like cloud technology, which could be challenging to overcome. #layoff. January 26Software company IBM announced it would slash 1.5% of its global workforce, estimated to affect roughly 3,900 employees, according to CFO James Kavanaugh, multiple outlets reported, as the company expects $10.5 billion in free cash flow in fiscal year 2023. Just posting this to piss off Microsoft HR, even though I don't work there. February 7Atlanta-based cybersecurity company Secureworks announced in a SEC filing it will cut 9% of its staff (estimated to affect roughly 225 of its nearly 2,500 employees, according to PitchBook), as it looks to reduce spending amid a time when some world economies are in a period of uncertainty., February 6Jet maker Boeing confirmed to multiple news outlets plans to cut around 2,000 jobs in finance and human resources this year, though the firm said it will increase its overall headcount by 10,000 employees with a focus on engineering and manufacturing.. That shift has made investors less interested in growth-oriented stocks such as Microsoft, whose shares have declined about 22% since the start of the year, while the larger S&P 500 index is down 19% over the same period. Microsoft is reportedly making anywhere up to 1,000 redundancies, as part of a previously announced "restructuring." The layoffs affect Microsoft vets like Greg Chapman and KC Lemson, and cut . Satya Nadella, chairman and chief executive officer of Microsoft Corp., speaks during the virtual Meta Connect event in New York on Oct. 11, 2022. Verified info from MS Internal Blind 2. February 15Accounting firm KPMG could cut 2% of its staff (roughly 700 employees), the Financial Times reported, citing a staff memo from Carl Carande, the vice-chair of the companys U.S. advisory business, who said the cuts are intended to align its workforce with current and anticipated market demandmaking it the first of the so-called Big Four accounting firms to conduct a major round of layoffs amid growing recession fears in recent months. Microsoft had fired nearly 1% of its 180,000-strong workforce across offices and product divisions in July as part of a 'realignment'. With rates rising, investors have more appealing options that are less risky than tech firms. TC: 280k. This is the third round of layoffs at the Big Tech firm since July. MS didnt hire a lot like other companies in the past few years 2. 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. Find the right companies, identify the right contacts, and connect with decision-makers with an all-in-one prospecting solution. Although it is not confirmed if the layoffs are isolated in gaming divisions, employees who work for Xbox and other. 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. its first round of layoffs . Investors will be watching the company closely to see if it can refocus its efforts on more profitable technologies and products. I dont think weve seen those companies being put through the crucible yet. A good tool is to maintain a personal list of your accomplishments in a running document. Doing a layoff is not resetting your valuation.. Besides that any other group? Microsoft layoffs: The software giant is likely to lay off thousands of employees across human resources and engineering divisions, according to multiple media reports. Microsoft: Cut nearly 1,000 employees. Fast-forward to February: Large tech companies only made up about 82% of layoffs still the majority by a long shot, but we saw worse in November, when 88% of workforce cuts were driven by public tech firms. https://m.youtube.com/watch?v=-mZbLX8EsWk&fbclid=IwAR3lAgle-Q4DUL34bOnJ3yUBoPLl6Soh_jY-I2MlEviD-huz373gTOM86es&ab_channel=ProjectOptimize&mibextid= #layoffs #Microsoft. There are many reasons that tech companies have been forced to make cuts, including rising interest rates. Include major successes, and the essential summary information you might include when describing your job to an outsider. Think of all dimensions - CEO email, execution, severance, empathy. Rumor going around there is one more layoff at MS on 2/6. It's becoming more and more common for tech companies to rely on contractors, and as a person looking for a job, it's often easier to find contract work than full-time work. Beyond these areas, most jobs fall somewhere in between these poles. As such, these areas are rarely the source of major cuts in most layoffs. Are they doing it in batches on specific dates? There was a problem. Some people may find a new job within a week, but other people may be out of work for months. Its also worth noting that, since 2022, about a quarter of public companies that announced layoffs announced additional cuts in the following months. Seeing a flurry of laid off posts from Microsoft employees today. #tech #microsoft, It seems official now. "Today we notified a small number of employees that their roles have been eliminated," a Microsoft spokesperson told CNBC in an email. Windows Central is part of Future US Inc, an international media group and leading digital publisher. January 25Vacasa, the Portland, Oregon-based vacation rental management company announced it would slash 1,300 positions (17% of its staff) in a SEC filing as it moves to reduce costs and focus on being a profitable company, three months after it announced it would cut another 6% of its staff. Haje Jan Kamps. Some, such ase Netflix, Twitter and Peloton, conducted three rounds of layoffs over the course of 14 months. 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. Google laid off 12,000 workers in January, Meta (Facebook's parent company) said goodbye to 11,000 last November, and Microsoft and Amazon each. Here are some general guidelines roughly in order of lowest risk to highest. Around 6K is the number one source mentioned. If companies don't have loyalty to their employees, we shouldn't have any loyalty to them. After my last few years of experience in the job market, I don't believe in company loyalty. Looks like most affected are consultants and project managers. February 2Okta CEO Todd McKinnon unveiled plans to reduce the tech companys workforce by 5% (roughly 300 positions) in an SEC filing on Thursday, citing a period of over-hiring over the past several years that did not account for the macroeconomic reality were in today., February 1NetApp, a San Jose, California-based cloud data company, announced plans in an SEC filing to lay off 8% of its staff (estimated to affect 960 employees) by the end of the fourth fiscal quarter of 2023 in light of the macroeconomic challenges and reduced spending environment.. Microsoft Layoffs 2022 - Blind Looks like it's started but not in engineering. 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. 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. The ride-hailing app had two rounds of layoffs at its corporate offices this year: 60 people in July, according to a memo reported by The Wall Street Journal, and 683 people Nov. 3, according to a . If you're an essential part of building the most profitable product for your company, your layoff risk is low. Follow on Twitter @JezCorden and listen to his Xbox Two podcast, all about, you guessed it, Xbox! Other redundancies hit the gaming org, the legal department, and the division setting up government bodies with Microsoft tech. On Monday technology industry research group Gartner estimated that PC shipments, a factor affecting Microsoft's Windows operating system business, fell nearly 13% in the third quarter, the most. The software maker called for the slowest revenue growth in more than five years in the quarter that ended Sept. 30. But just four months later, I've already lost my job to the latest round of tech layoffs sweeping the industry. In fact, for U.S.-focused startups, February was the . Thats because the startup situation hasnt really changed much. My TC: $250k (I work at MSR and was one of the ones laid off today) #layoff. Like, you are supposed to get your days off as a payment when you leave the company afaik bit, with unli. Bloomberg reported on the move earlier. Sign up for free newsletters and get more CNBC delivered to your inbox. January 18Amazon, one of the biggest companies in the country, had outlined a plan to eliminate more than 18,000 positions (including jobs that were cut in November) starting January 18 in a message to staff earlier this month from CEO Andy Jassy, who said the company is facing an uncertain economy after hiring rapidly over the past few years. This isnt surprising since the day saw many companies lose value. NY 10036. Microsoft is reportedly laying off its team focused on winning back consumers. You certainly don't want to keep company proprietary information, but a noteworthy list that's always up-to-date will make updating your rsum a snap if or when you need to do it. Tech's 2022 layoffs continue in 2023. Chapman worked on the Azure team, making realistic 3D simulations for government organizations. Tech layoffs have run rampant in recent months. MS Stocks and financials seem stable than others 3. February 1FedEx announced it will slash 10% of its officer and director team and consolidate some teams and functionsfour months after the delivery giant unveiled plans for a hiring freeze and that it would close 90 office FedEx Office locationsin a move CEO Raj Subramaniam said was necessary to make the company a more efficient and agile organization (FedEx employs roughly 547,000 people, according to PitchBook). Still, the overall Microsoft staff cuts hit fewer than 1,000 employees at the cloud services and software giant, Business Insider reported. Microsoft plans to lay off 10,000 employees as part of broader cost-cutting measures, the company said in a securities filing on Wednesday, making it the latest tech company to reduce staff. Appears to be a mix of design, engineering, product, etc. January 13Crypto.com CEO Kris Marszalek announced the company, which had more than 2,500 employees as of October, according to PitchBook, will cut 20% of its staff in a message to employees, as the company faces ongoing economic headwinds and unforeseeable industry eventsincluding the collapse of Sam Bankman-Frieds cryptocurrency exchange FTX late last year, which significantly damaged trust in the industry.. April 27, 2022: Robinhood, the popular investing app, lays off 9% of staff. 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. Updated Oct 18, 2022, 3:41 PM IST. Technology companies big and small have slowed hiring plans or announced reductions in the workforce in recent months to withstand a possible economic recession, which central bankers have been trying to ward off by raising interest rates. Rivals like Google, Amazon, Facebook have all acquired big consumer apps like YouTube, Twitch, and Instagram, and Microsoft is still trying to align its consumer offerings. Microsoft's Yusuf Mehdi: If customers want a particular chip, we will support them. Sleeker, more powerful, and redesigned check out the new Lenovo ThinkPad X13 and X13 Yoga, Microsoft is reportedly making anywhere up to 1,000 redundancies, as part of a previously announced "restructuring.". Microsofts consumer efforts are now focused on Windows, Microsoft 365, Microsoft Teams for consumer, Surface, and of course Xbox. Those who work at Microsoft, how did the news come? Every industry, company, even department has a different risk, but some areas are more vulnerable than others. Anyone have insights on how the Microsoft layoff decisions today are being made? 3. In 2018 the software giant originally detailed its. Microsoft lays off employees across countries. Sign up for Verge Deals to get deals on products we've tested sent to your inbox daily. I know that God is going to see me through. MS Pay is not great either Whats the motivation for layoff? Saw a few posts about layoff coming on 17th of Jan. three months after the social media giant cut 11,000 employees in the biggest round of layoffs in 2022. More risky are the activities considered luxuries, like generous benefits and employee perks, and so on. I'm a former VP of HR at Microsoft and have been on both sides of a layoff. After an unfortunate health incident last year, I'm largely responsible for taking care of my mother and I wanted her to know that no matter what happened, she would be taken care of. Microsoft is the latest company to announce a large round of layoffs, cutting 10,000 jobs on Wednesday. January 19Student loan servicer Nelnet announced it will let go of 350 associates hired over past next six months, while another 210 will be cut for performance reasons, telling Insider the cuts come as President Joe Bidens student debt forgiveness program continues to stall after facing legal challenges from conservative groups opposed to the measure. Anyone knows whens the next layoff date? I heard they arent gonna drag it to end of March. When retreating to the core business, companies turn to the quality products that make money. Microsoft Corp. on Monday provided an omen. All Rights Reserved. January 11BlackRock officials reportedly told employees the New York-based company plans to reduce its headcount by 2.5%the company did not immediately respond to a Forbes inquiry for further details, but in an internal memo obtained by Bloomberg, CEO Larry Fink and President Rob Kapito said the move comes amid uncertainty around us that necessitates staying ahead of changes in the market., January 11In a memo to employees, Flexport CEOs Dave Clark and Ryan Petersen announced plans to slash 20% of the companys global workforce (estimated to affect 662 of its more than 3,300 employees, according to data from PitchBook), saying the supply chain startup is not immune to a worldwide the macroeconomic downturn.. January 12DirecTVs cuts could affect hundreds of employees, primarily managers, who make up nearly half of the companys 10,000 employees, sources told CNBC, as the company struggles with an increase in the cost to secure and distribute programming, and after the company lost nearly 3% of its subscribers (400,000) in the third quarter of 2022, according to the Leichtman Research Group. On Monday technology industry research group Gartner estimated that PC shipments, a factor affecting Microsoft's Windows operating system business, fell nearly 13% in the third quarter, the most sluggish performance in nine years, in part because of geopolitical issues. Satya Nadella, chief executive officer of Microsoft Corp., speaks during a panel session on day two of the World Economic Forum in Davos, Switzerland, on May 24, 2022. 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. In his memo, Nadella said that the company would continue to invest in strategic areas for our future, meaning we are allocating both our capital and talent to areas of secular growth and long-term competitiveness for the company, while divesting in other areas.. A Division of NBCUniversal. I thought they already did one round of layoffs. 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. WATCH: Microsoft's Yusuf Mehdi: If customers want a particular chip, we will support them. Business Insider now reports that Microsoft is laying off that team, and telling the roughly 200 affected employees to find another position at the company or take severance pay. https://www.theverge.com/2023/1/17/23559412/microsoft-layoffs-job-cuts-2023 Does anyone know which orgs ? They want to remain flexible in case of a downturn. Microsoft, which laid off 1 per cent or 1,800 employees in July, has asked around 200 more employees to go, this time from one of its customer-focused R&D projects, the media reported on. TheMicrosoft Band fitness device also disappeared in 2016, and efforts with Cortana fell way behind rivalsto the point Microsoft switched things up to chase business users instead. Jez Corden a Managing Editor at Windows Central, focusing primarily on all things Xbox and gaming. Microsoft 365 consumer subscriptions grew 15 percent in the recent quarter, up to 59.7 million. They just want to ride the layoff wave. By clicking Sign up, you agree to receive marketing emails from Insider January 25Groupon, in an SEC filing, said it would reduce its head count by 500 employees, globally, in its second major round of cuts in recent months, after the e-commerce company cut another 500 positions last August. You will receive a verification email shortly. Sign up for notifications from Insider! Startups in cyber, defense and biotech all saw some large rounds in a week that for once was not dominated by artificial intelligence. Cuts are widespread, affecting the Xbox division, the Strategic Missions and. Just wanted to know if there is any update on Microsoft India layoffs or any insider. 2023 CNBC LLC. Banking giant Citigroup is cutting hundreds of employees in the firms latest round of cuts in the past four months, Bloomberg reported Thursdaymaking it the latest U.S. company to lay off staff, following major cuts this week at Thoughtworks, General Motors, Waymo, Twitter, Palantir and Cerebral. A Division of NBCUniversal. January 31HubSpot, a Cambridge, Massachusetts-based software company, said it would cut 7% of its workforce by the end of the first quarter of 2023 in a SEC filing, as part of a restructuring plan, with CEO Yamini Rangan telling staff it follows a downward trend after the company bloomed in the Covid-19 pandemic, with HubSpot facing a faster deceleration than we expected., January 30Philips said it would cut 3,000 jobs worldwide in 2023 and 6,000 total by 2025 after the Dutch electronics and medical equipment maker announced $1.7 billion in losses for 2022, as CEO Roy Jakobs added the company will now focus on strengthening our patient safety and quality management.. I want to get to the next opportunity as soon as possible so that my mom knows she's taken care of. Nothing has been announced in the company. January 31In a statement on Tuesday, online payment company PayPal announced it would cut 7% of its global workforce (2,000 full-time positions) amid a competitive landscape and a challenging macro-economic environment, CEO Dan Schulman said.