Microsoft Will Fire 6800 Employees, Know the Reason? Fresh Report

      
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Microsoft Will Fire 6800 Employees: Bad news for Microsoft employees. Actually, tech company Microsoft will lay off 6,800 employees. This is about 3% of the company’s total workforce. Currently, the company has about 2.28 lakh employees. This will be the biggest layoff at Microsoft after 2023.

Microsoft Will Fire 6800 Employees
Microsoft Will Fire 6800 Employees

Microsoft Will Fire 6800 Employees

A Microsoft spokesperson said that we are constantly implementing the changes that are necessary to bring the company in a better position.

Microsoft employees will get 2 options: The company is also giving 2 options to the staff affected by the layoff, the first option being that the employees will be given 60 days’ salary after their service ends. Also, the affected staff will be eligible for rewards and bonuses.

Microsoft to lay off 3% of its workforce: Apart from this, the staff being laid off based on performance will either be given some timeframe for improvement, or they can also opt for a Global Voluntary Separation Agreement with 16 weeks of severance pay.

Microsoft Will Fire 6800 Employees: Who will be Most Affected?

While explaining the layoffs of its employees, Microsoft has said that it wants to make the system more organised and hierarchical by increasing the scope of control of all management. In such a situation, the recent layoffs will mainly affect people engaged in management roles.

Microsoft Will Fire 6800 Employees: What is the Reason?

Last year, till June 2024, the total number of employees in Microsoft was 228000, out of which there are 1985 staff in Washington alone. In such a situation, three percent of its global staff is being fired by the company.
In such a situation, three per cent of its global staff is being fired by the company. Explaining this decision, the company has cited cost control and heavy investment in artificial intelligence (AI) as the reason for this.

Microsoft Share Performance

In the last 1 year, Microsoft’s stock has seen a rise of $32.58 (7.82%). On May 14, 2024, the company’s stock was at $416.56, which has now reached $449.14. At the same time, this year it has seen a rise of 7.30%.
Microsoft to invest Rs 25,722 crore in India.

In January, Microsoft Chief Executive Officer (CEO) Satya Nadella announced an investment of $3 billion (Rs 25,722 crore) in its cloud and artificial intelligence (AI) business in India over the next 2 years. Satya Nadella made this announcement during the Bengaluru phase of the Microsoft AI Tour.

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