The third most valuable company in the world, Microsoft, has let go of about 1,000 of its employees across different divisions and regions due to the problems plaguing the global economy. Some of the divisions affected by this move are Microsoft Gaming, Experiences and Devices, and its legal department. Also, the move affected staff members across all experience levels, with even veteran workers getting cut.
This report comes from Axios and reaffirms the company's moves to operate with a leaner workforce.
Earlier in the year, Microsoft slowed down its hiring process for multiple divisions. Microsoft also gave about 1,800 employees their marching orders in July across several departments including consulting and customer solutions.
While Microsoft corroborated the report, the company didn't reveal how many it laid off or the departments affected. In a statement it released to address the situation, the company had this to say: Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly. We will continue to invest in our business and hire in key growth areas in the year ahead. The job cuts are applied to employees across different departments and regions and include veteran staff members.
