HomeBusinessMicrosoft announces 1% job cuts, Google slows hiring

Microsoft announces 1% job cuts, Google slows hiring

Microsoft Corp. cut some jobs on Monday as it reorganizes business groups and divisions after its fiscal year ends on June 30. It said it plans to continue recruiting for other roles and meet a larger headcount in the current fiscal. Washington-based company Redmond said the layoffs, affecting less than 1% of its 180,000-person workforce, were spread across different groups including consulting and customer and partner solutions, and were scattered across geographies.

“We had a small number of layoffs today. Like all companies, we regularly evaluate our business priorities and make structural adjustments accordingly,” Microsoft said in an emailed statement. “We will continue to invest in our business and grow our total in the coming year.”

Alphabet Inc. In an email to employees, CEO Sundar Pichai said that Google plans to slow hiring for the rest of the year in response to the economic slowdown.

According to a copy of the email seen by Bloomberg News, Pichai said the company will focus on “engineering, technology and other key roles” in 2022 and 2023.

“Going forward, we need to be more entrepreneurial, act with more urgency, sharper focus and more appetite,” Pichai wrote.

In recent years, Microsoft has generally The U.S. has announced job cuts after the July 4 holiday as it transitions into a new fiscal year. The company said the layoffs were not driven by a poor economic picture, but that it slowed hiring across Windows and Office teams in May.

Historically, Google has been relatively immune to economic downturns in the tech industry. It stopped hiring after the financial crisis more than a decade ago, but continues to add waves of new employees to its core advertising business as well as to smartphones, self-driving cars and wearables still unprofitable. , Google parent Alphabet, which employed about 164,000 people as of March 31, has been hiring for new departments such as Google’s cloud division and hardware in recent years.

Google’s move is similar to that of other tech companies. In May, Snap Inc. and Lyft Inc. It said it would slow down recruitment. Several weeks later, Instacart Inc. Tesla Inc. said it would reverse job growth. Thereafter, a notice of deduction of 10% was given to its salaried employees. Earlier this week, Google rival Microsoft Corporation announced a small number of job cuts. Meta Platform Inc. It also scaled down its recruitment plans due to concerns about economic conditions.

In the email, Pichai said Google added 10,000 employees in the second quarter and has a “strong commitment” to hiring college graduates over the next few months.

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