Microsoft Corp. cut some jobs on Monday as it restructured business groups and roles after the end of its fiscal year on June 30. It said it plans to keep hiring for other roles and end the current fiscal year with increased numbers. The layoffs, which affected less than 1% of the 180,000-person workforce, said Redmond, a Washington-based company, spanned different groups and geographies, including consulting and customer and partner solutions.
“We had very few roles eliminated today. Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly,” Microsoft said. emailed statement, “We will continue to invest in our business and increase the overall workforce in the coming year.”
Alphabet Inc.’s Google plans to continue hiring for the rest of the year in the face of a potential economic slowdown, Chief Executive Officer Sundar Pichai said Tuesday in an email to employees.
According to a copy of the email seen by Bloomberg News, Pichai said the company will focus on “engineering, technology and other critical roles” in 2022 and 2023.
“Going forward, we need to act with more entrepreneurship, more urgency, sharper focus and more appetite, as we have shown on sunny days,” Pichai wrote. “In some cases, that means streamlining processes where investments overlap.”
In recent years, Microsoft has typically announced job cuts in the US shortly after the July 4th holiday as it makes changes to the new fiscal period. The company said the deteriorating economic picture did not lead to layoffs, but in May it also slowed operations across the Windows and Office clusters.
Historically, Google has been relatively immune to the economic decline of the technology sector. The Internet giant stopped hiring after the financial crisis more than a decade ago, but has since regularly continued its core advertising business, as well as in areas such as smartphones, self-driving cars and wearable devices. Waves of new employees have been added who are not yet profitable. , Google parent Alphabet, which employed about 164,000 people as of March 31, has seen hiring in recent years primarily for new areas such as Google’s cloud division and hardware.
Google’s move is similar to that of other tech companies. In May, Snap Inc. and Lyft Inc. Said they would slow hiring. Several weeks later, Instacart Inc. said it would roll back job growth, and Tesla Inc. announced a 10% cut for its salaried employees. Earlier this week, Google rival Microsoft Corp. announced that it was cutting a small number of jobs. Meta Platforms Inc. has also shelved its hiring plans due to concerns over economic conditions.
In the email, Pichai said Google added 10,000 employees during the second quarter and had a “strong commitment” to college recruiting over the next few months. Business Insider previously reported on Google’s plans.
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