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Microsoft is the latest tech firm to lay off staff

Microsoft has confirmed that Axios reported Monday on layoffs in multiple divisions.

“Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly,” a Microsoft spokesperson said in a statement. “We will continue to invest in our business and hire in key growth areas in the year ahead.” 

It’s unclear how many employees were let go but Axios reported that it was under 1,000 people.

Snap and Oracle, tech giants, have reduced staff in the face of economic uncertainty that has forced budget reductions and substantial drops in stock prices. Meta, Apple and Meta are also slowing down or even stopping hiring.

Microsoft made a small number of job cuts in July, describing the move as part of a “strategic realignment” in specific areas of the company, and said it planned to keep growing its overall headcount.

Microsoft employed 221,000 workers as of June 30, a 22% increase over the year prior. It was the largest annual increase in employment in Microsoft’s history, based on data tracked by GeekWire.

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