Microsoft Reportedly Lays Off 1,000 More Employees
Microsoft Corp. has reportedly done another round of layoffs, supposedly affecting as much as 1,000 employees. However, the tech company made no official announcement this move, especially in light of its recent earnings release.Advertisement
The New York Times reports that Microsoft had discreetly gone ahead and laid off some 1,000 employees Wednesday as part of its continual effort to cut costs. The recent job cuts represent less than one of the company’s global work force. Moreover, sources for The New York Times have said that Microsoft actually has no plans of releasing the recent layoff figures. Nonetheless, a spokesman said, “The job reductions were spread across more than one business area and country.”
For its first quarter of 2016 results, Microsoft Chief Executive Officer Satya Nadella says that the company is “making strong progress” in realizing the company’s three ambitions. He also further praised the excitement that Windows 10, Office 365 and Azure are generating. Revenue for Microsoft’s Productivity and Business Processes segment actually declined by 3%. However, revenue for Office 365 grew by almost 70%, with subscribers increasing to 18.2 million. At the same time, the revenue for Azure and its compute usage also more than doubled.
Meanwhile, Microsoft also reports that its phone revenue had gone down by 54%, which reflects the company’s updated strategy. At the same time, Revenue for Windows OEM also went down by 6%, still performing better than the overall PC market.
Earlier this year, Microsoft laid off as much as 7,800 employees, mostly in the phone business, as the company took on a impairment charge of around $7.6 billion.