Microsoft would possibly lay off hundreds quickly
San Francisco: Microsoft is reportedly readying to chop extra positions from its international workforce as tech giants proceed to scale back headcount in mild of the financial circumstances.
Based on stories, the corporate may announce layoffs in its engineering divisions as early as Wednesday.
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The corporate, which has over 220,000 staff, has already trimmed its ranks of workers twice final 12 months. A brand new layoff announcement would come only a week earlier than Microsoft is ready to report its earnings for the ultimate quarter of 2020.
Different tech giants have additionally introduced workers cuts in latest weeks, with Salesforce and Amazon saying job reductions.
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Wedbush analyst Dan Ives has predicted that the tech sector may see workers cuts of 5-10% within the coming months as corporations attempt to management bills within the face of the present financial circumstances.