With Microsoft’s next quarterly earnings call all set to be held on the 26th of January, there’s quite an excitement in the air. However, not everyone is sharing this cheerful mood, as the latest updates indicate that up to 700 Microsoft employees might be let go next week. The corporate culture demands performance, and if the company has not performed as well as they expected, there are 700 people at risk of losing their jobs.
700 people sounds like a big number, but compared to the total number of Microsoft employees, 113,000 people, it is quite a small number. However, this comes as no surprise. In June last year, Microsoft had said that there were nearly 2850 jobs that they were going to soon let go, and this is the part of the rollout of the same plan. Microsoft had then said that they plan to let people go in a period of one year.
As per Business Insider reports, Microsoft’s aim here is not to cut costs, but to update skills. While Microsoft might be letting go of 700 people, the company is actually on quite a hiring spree, with them hiring around 1600 employees via LinkedIn. The axe is all set to fall on 700 Microsoft employees but it had been hanging on their head for nearly a year now.
Under Satya Nadella, Microsoft witnessed nearly 7400 lay-offs in the past one year. He was also the man who oversaw 18,000 Microsoft Employees being laid off in 2014. Most of these coming from the Microsoft mobiles division. The man has been working hard to turn the fortunes of the company around, and has been rather progressive in his approach over the years.
Stay tuned with us as we update you on the story next week following the Microsoft reports. However, if sources are to be believed, 700 Microsoft employees are indeed facing a risk of losing their jobs.