{"id":82501,"date":"2022-10-20T00:32:39","date_gmt":"2022-10-20T00:32:39","guid":{"rendered":"https:\/\/cred.ai\/news\/?p=82501"},"modified":"2022-11-04T14:34:01","modified_gmt":"2022-11-04T14:34:01","slug":"microsoft-announces-global-layoffs","status":"publish","type":"post","link":"https:\/\/cred.ai\/news\/2022\/10\/20\/microsoft-announces-global-layoffs\/","title":{"rendered":"Microsoft Announces Global Layoffs"},"content":{"rendered":"

Microsoft, a tech giant previously considered recession-proof, now plans to eliminate nearly 1,000 jobs, according to Fortune<\/span><\/a>. The cuts include positions in the U.S. and abroad \u2013 across various teams and different staff levels \u2013 as well as some employees at Xbox and other Microsoft-owned studios such as ZeniMax Media, which it acquired last year in a $7.5 billion all-cash deal.<\/p>\n

The company also reduced its revenue forecast following the release of disappointing numbers in its fourth-quarter earnings report.<\/p>\n

\u201cLike all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly. We will continue to invest in our business and hire in key growth areas in the year ahead,\u201d Microsoft said in a statement.<\/p><\/blockquote>\n

Many employees impacted by the layoffs shared their news on Blind, Twitter, and other social media sites, expressing anxiety about what they say are grim hiring prospects.<\/p>\n

\u201cI\u2019ve got a good network and sent a lot of feelers out today, but there just aren\u2019t many openings,\u201d KC Lemson wrote in a post this week.<\/p><\/blockquote>\n

Lemson is the creator of Microsoft\u2019s unofficial Ninja Cat mascot. The company dedicated a portrait of her four years ago in honor of her work.<\/p>\n

Microsoft is now in the midst of acquiring Activision Blizzard for $69 billion; however, the company still needs regulatory approval from the United Kingdom to finalize the deal. British regulators previously voiced their concern that the purchase could hinder competition. When Microsoft failed to offer up any solutions, the U.K. Competition and Markets Authority subsequently launched a more thorough review of the deal and its implications.<\/p>\n","protected":false},"excerpt":{"rendered":"

Microsoft, a tech giant previously considered recession-proof, now plans to eliminate nearly 1,000 jobs, according to Fortune. The cuts include positions in the U.S. and abroad \u2013 across various teams and different staff levels \u2013 as well as some employees at Xbox and other Microsoft-owned studios such as ZeniMax Media, which it acquired last year …<\/p>\n","protected":false},"author":14,"featured_media":82502,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[20],"tags":[114,386,806],"class_list":["post-82501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-news","tag-microsoft","tag-layoffs"],"acf":[],"yoast_head":"\nMicrosoft Announces Global Layoffs - crednews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cred.ai\/news\/2022\/10\/20\/microsoft-announces-global-layoffs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Microsoft Announces Global Layoffs\" \/>\n<meta property=\"og:description\" content=\"Microsoft, a tech giant previously considered recession-proof, now plans to eliminate nearly 1,000 jobs, according to Fortune. 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