More Job Losses At Microsoft As Global Slowdown Weighs

Microsoft Corp MSFT confirmed downsizing additional workers as its revenue will likely slow due to weaker sales of Windows licenses for PCs.
The cuts impacted fewer than 1,000 people, CNBC reported.
“Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly,” a Microsoft spokesperson told CNBC.
“We will continue to invest in our business and hire in key growth areas in the year ahead.”
The layoffs come three months after Microsoft said it trimmed less than 1% of employees.
Also Read: Comcast Shuts Its Television and Online Network Focused On Gaming After Massive Job Cuts
In July, Microsoft called for about 10% revenue growth in the fiscal first quarter, slower than it’s been in more than five years.
Microsoft will announce its earnings on October 25.
Meta Platforms Inc META, Snap Inc SNAP, and Salesforce Inc CRM have also undertaken similar measures to tide through the macroeconomic uncertainties.
Price Action: MSFT shares traded higher by 1.88% at $242 premarket on the last check Tuesday.