Microsoft to Cut Engineering Jobs This Week as Layoffs Go Deeper
Microsoft Corp. (MSFT) plans to cut jobs in a number of engineering divisions on Wednesday, according to a person familiar with the matter, joining the ranks of technology giants that are scaling back as the industry prepares for a prolonged slump in demand.
The magnitude of the cuts couldn’t be learned, but the person, who asked not to be identified discussing confidential matters, said the reduction will be significantly larger than other rounds at Microsoft in the past year. Those cuts impacted less than 1% of the software giant’s workforce of more than 200,000.
6 replies (most recent on top)
Bullish? They're down ~2% today.
very smart move for MSFT. bullish for the stock and company.
@fam+1kKCRUKV
Astounding. Did you actually read anything you referenced? One entry links to an 11 year old youtube video. Other posts are all conjecture, as well. Please... stop trolling.
The layoffs there are real, check their forum page here: https://www.thelayoff.com/microsoft or /microsoft
@pln+1kKCRUKV
Because whoever posted it is trying to scare SAP employees undermine their sense of security.
And, notice... no real sources ("a person familiar with the matter").. and no actual facts ("the magnitude of the cuts could not be learned").
Pointless, mindless conjecture and fear-mongering.
Some people need to find a hobby.
why is this posted on a SAP channel?