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MSFT Microsoft Corporation

416.25
7.19 (1.76%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Microsoft Corporation NASDAQ:MSFT NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  7.19 1.76% 416.25 416.50 416.70 399.8899 388.0355 394.06 40,583,055 00:59:58

Microsoft Cuts Jobs as It Realigns Businesses -Bloomberg

12/07/2022 4:50pm

Dow Jones News


Microsoft (NASDAQ:MSFT)
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--Microsoft Corp. cut some of its workforce on Monday in a business realignment after the close of its fiscal year on June 30, Bloomberg reported.

--The software giant said it plans to keep hiring for other roles and finish the current fiscal year with an increased headcount, the report said.

--The layoffs, which affected less than 1% of its workforce, spanned across groups ranging from consulting and customer and partner solutions and were dispersed across geographies, Bloomberg reported.

--Microsoft said the layoffs were not spurred by the worsening economic picture, the report said.

 

Full story at https://www.bloomberg.com/news/articles/2022-07-12/microsoft-cuts-jobs-but-plans-increased-headcount-this-year?sref=b0us4KbN

 

Write to Denny Jacob at denny.jacob@wsj.com

 

(END) Dow Jones Newswires

July 12, 2022 11:35 ET (15:35 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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