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Microsoft has started a new round of layoffs, making it the third time itâs made drastic job cuts this year.
Itâs unknown how many employees have been affected by the recent job cuts, although itâs thought that the product and program management teams have been impacted the most.
The latest round of layoffs comes after Microsoft cut around 1,000 jobs across various departmentsâincluding Azure Cloud and Mixed-Reality teamsâlast month, and nearly 2,000 from its gaming division team, in January.
In Microsoftâs own words, they have made these âorganizational and workforce adjustmentsâ as part of a necessary and normal part of running a profitable business in such a turbulent economy.
It seems to be part of a broader strategy to balance growth and profitability, against rising capital expenditures and a turbulent, highly-competitive industry and also reflects a bigger trend within the tech industry, as over 100,000 tech workers were made redundant in 2023.