There is a high possibility that job cuts will be hitting Microsoft soon. When the company announces it’s quarterly earnings, it is expected a round of layoffs that can affect around 700 jobs.
Seven hundred might not seem like such a big number compared to the 113,000 employees the company currently has. However, tension has been high since Microsoft announced that hundreds of jobs would be cut.
In its annual report during the summer, Microsoft said that it would cut about 2,850 positions. During that time Microsoft hoped that those positions would be eliminated by June of this year. However, many of the 2,850 positions to be cut have already been terminated. These positions aren’t limited to a specific group but widespread throughout the company. Positions from human resources all the way to finance can be affected.
Microsoft claims that these layoffs won’t have too big of an impact on its initial head count. Microsoft hopes to alternate different skill sets through smaller layoffs. The company is also still hiring, with more than 1,600 job opportunities posted on sites like Linked In.
However, even though many jobs will be eliminated, Microsoft reportedly offers assistance to its employees. Microsoft gives its employees sixty days to find new employment internally after termination from a position.
During its last fiscal year, Microsoft cut an estimated 7,400 positions which majority of those were in its phone business. That, however, is a small number compared to the 18,000 jobs it eliminated back in 2014.
Comment Template