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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 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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