Satya Nadella, chairman and chief executive officer of Microsoft Corp., speaks at the Meta Connect virtual event in New York on October 11, 2022.
Michael Nagle | Bloomberg | Getty Images
A Microsoft spokesperson confirmed Monday that the company has laid off additional employees as the software maker’s revenues are expected to slow, thanks to weaker sales of Windows licenses for PCs.
The move is in line with efforts by large and small tech companies to reduce costs. Meta Platforms and Salesforce are among those in Silicon Valley that have slowed their hiring pace this year, even as Coinbase, Netflix and others have resorted to layoffs.
“Like all businesses, we regularly review our business priorities and make structural adjustments accordingly,” a Microsoft spokesperson told CNBC. “We will continue to invest in our business over the coming year and hire people in key growth areas.”
Monday’s announcement comes three months after Microsoft said it was cutting less than 1% of its workforce.
In July, Microsoft called for about 10% revenue growth in the first fiscal quarter, slower than in more than five years. The company will announce its profit on October 25.
Axios, which reported the layoffs earlier on Monday, said the cuts affected fewer than 1,000 people and named an unnamed person.
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