Microsoft says staff layoffs not linked to recession fears
Microsoft has laid off more than a thousand staff, classifying this as a sort of summer clean-up following closure of the latest financial year., impact less than 1 percent of the 180,000-strong global workforce, and are said to be varied across geography and job role, including consulting, partner solutions, and customer groups.
A Microsoft spokesperson said:"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." Results for Q4 of Microsoft's fiscal 2022 are expected to appear near the end of this month with positive expectations., Microsoft turned over $146.4 billion in sales versus $121.93 billion in the corresponding prior year period. Net profit was up to $55.9 billion from $44.8 billion.
There is nothing lurking in the results that would indicate this round of employee redundancies is related to anything serious, and the Microsoft spokesperson said it would"grow headcount overall" in fiscal '23. With tech results season beckoning, stock market analysts will be looking for evidence of a slowdown in enterprise tech spending. In recent months, Cisco and others have dialed back on recruitment, signaling some uncertainty on the road ahead.
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