iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Microsoft lays off 200 more workers

11 Aug 2022 , 12:27 PM

Microsoft, which let go 1% of its workforce, or 1,800 workers, in July, has reportedly requested 200 additional workers to leave, this time from one of its customer-focused R&D initiatives.
According to posts on LinkedIn, which is owned by Microsoft, contract recruiters have been affected by recent layoffs in several locations.
The new job layoffs were primarily centered in Microsoft’s Modern Life Experiences (MLX) business, which was formed in 2018 with the aim of “winning back consumers,” according to a Business Insider article.
According to the article, 200 members of the Modern Life Experiences team have been given 60 days to find new jobs or face being laid off.
A firm representative “didn’t deny that the layoffs had occurred,” but she declined to give TechCrunch any other information.
Bringing consumer goods “straight to the people who need them, empowering families to learn, explore, and interact in a fun and safe atmosphere” was the aim of the Modern Life Experiences team.
Microsoft, under Satya Nadella’s leadership, made hiring cuts as part of a “realignment” last month.
Nearly 1% of Microsoft’s 1,80,000-person workforce across its offices and product divisions was laid off.
Additionally, Microsoft’s hiring has slowed in the Office, Teams, and Windows divisions.
In the current economic crisis, tech firms like Google, Meta, Oracle, Twitter, Nvidia, Snap, Uber, Spotify, Intel, and Salesforce have also reduced hiring or made layoffs.

Related Tags

  • Microsoft
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.