According to certain media sources, Microsoft, which lay off 1% or 1,800 staff in July due to the economic slowdown, has requested roughly 200 additional employees to go, this time from one of its customer-focused R&D initiatives.
According to posts on Microsoft-owned LinkedIn, the recent layoffs have also affected contractual recruiters in a variety of locales.
According to a Business Insider story, the further job layoffs were centered in Microsoft’s Modern Life Experiences (MLX) business, which was formed in 2018 with the purpose of “winning back customers.”
According to the article, “about 200 staff on the Modern Life Experiences team have been ordered to find another role within the firm within 60 days, or take severance.” A corporate spokeswoman declined to comment to TechCrunch, but “didn’t deny that layoffs had occurred.”
The Modern Life Experiences team was dedicated to “bringing consumer items directly to those in need, encouraging families to learn, explore, and interact in a pleasant and secure setting.”
According to sources, the MLS team later collaborated with Microsoft’s Family Safety department to create the initial versions of the Family Safety applications for iOS and Android.
The MLX group announced Money in Excel in June 2020, a template that allows users to seamlessly link bank, credit card, investment, and loan accounts to Excel. “Money in Excel” is set to close on June 30, 2023.
Microsoft, led by Satya Nadella, became the first IT behemoth to lay off workers as part of a “realignment” last month. Microsoft’s layoffs touched approximately 1% of its 1,80,000-person workforce across offices and product divisions.
According to the source, Microsoft has also reduced recruiting in the Windows, Teams, and Office areas.
Snapchat has announced plans to let off a number of staff after reporting a drop in profitability in the second quarter of the current fiscal year (Q2CY22). The American social media company’s net loss increased to $422 million in Q2CY22 from $152 million in the same quarter in 2021.
Google, Meta, Oracle, Twitter, Nvidia, Snap, Uber, Spotify, Intel, and Salesforce are among the numerous IT companies that have either laid off or postponed hiring during the current economic crisis.
The US IT behemoth posted good results in its third quarter, with Cloud sales increasing by 26% year on year and total revenue of $49.4 billion. However, the business reduced its Q4 revenue and profitability expectations moving downward last month.
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