Tech giant Microsoft laid off several hundred people earlier this week. This is the third wave of job cuts for Microsoft since last July .
More than 1% of staff sacked
As other "Big Tech" giants continue to struggle with the economic downturn and declining consumer demand, Microsoft is suffering its third round of job cuts this year. More than 1% of the company, which has 180,000 employees, has been laid off.
Microsoft would have been forced to lay off just under 1,000 people , according to a source from the specialized site Business Insider, due to the slowdown in the company's revenues. These removals occurred at different levels of the company, in different regions of the world, and in different departments of the company, including the Xbox Division , Strategic Missions, Technology Organizations, and Edge Teams.
One team appears to have been completely shut down. Studio Alpha , which developed military and commercial wargame simulations using Microsoft's cloud-based Azure technology, no longer exists, according to tweets from affected staff.
Naturally, many disgruntled employees took to Twitter:
Microsoft tries to explain
Purchasing power is weakening all over the world and Microsoft's profits are collapsing. Indeed, Microsoft recently experienced its weakest revenue growth in the past five years.
Added to this is a drop in demand for PCs: the market fell further by 17.3% in the third quarter of 2022 according to figures from the tech.co site, and the disappointing launch of certain hardware products.
According to Zach Kramer, leader of Microsoft's Engineering Mission team, these include "privatizing the work already underway", and "compromising" in an age of limited recourse and scarce time. .
"Like all companies, we regularly assess our professionals and make structural adjustments accordingly," a Microsoft spokesperson told Eurogamer today. "We will continue to invest in our business and hire in key growth areas in the coming year."
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