According to various sources, Microsoft corp (MSFT stock) will eliminate approximately one thousand workers across various departments.
Axios was the first publication to disclose that the multinational technology company Microsoft (NASDAQ:MSFT) will be laying off employees across various geographies and divisions on Monday.
“Like all other businesses, we regularly assess the priorities of our company and make improvements to our organizational structure following those findings.” In a statement that The Wall Street Journal sent, a spokesperson for Microsoft was quoted as saying, “We will continue to invest in our business and employ in critical growth areas in the year ahead.”
Microsoft, which has more than 200,000 people working for it, announced in July their plans to reduce the number of positions, which will affect fewer than 1% of their overall workforce. The corporation explained that the change was part of a routine adjustment at the beginning of each fiscal year.
According to reports in the Journal, Microsoft did not clarify whether or not the most recent claimed layoffs were a part of the prior statement.
Microsoft Corp (MSFT Stock) Like Other Big Tech Companies (SNAP and INTC Stock)
The corporation is the most recent example of a major technology company reducing its workforce in recent months. Snap chat owner Snap (SNAP) said in August that it would eliminate 20% of its employees, while it has been claimed that Intel (INTC) is planning to lose thousands of jobs in response to a decline in demand for personal computers.
Featured Image- Megapixl @ Robert309
Author Valerie Remorosa 
