According to Microsoft’s website, it hires about 18,000 employees annually in India with the numbers primarily from 6 cities such as Bengaluru, Ahmedabad, Chennai, Hyderabad, Gurgaon, and Pune. Although now the news according to several sources, the company is currently evaluating the restructuring of its employees.
According to certain reports, layoffs will be carried out in Bengaluru and Hyderabad for starters at its India Development Centres or research and development centers and its development divisions. It further announced that about 10,000 employees will be laid off which will amount to about 5% of Microsoft’s global workforce. There are concerns that this will be only the first round of layoffs as the company might conduct more such rounds in the future if the need arises.
The department that will face layoffs would be the engineering department especially as the tech giants want to cut down their costs due to economic pulldown as the market is unpredictable. It even slowed down its recruitment in the month of October, and earlier in July had let go of about 1000 employees of their workforce.
Other Tech giants like Amazon, Meta, Salesforce, etc. also laid off thousands of employees in the last few months. The future looks good for Microsoft as they will see a gain of 2% in the second quarter. Microsoft started a cloud computing business model which did not take off and slowed down, eventually. Several companies from various industries have been conducting lay off and have called it restructuring and cost-cutting. These companies are offering monetary compensation to the employees and are backing them with recommendation letters to make sure they find jobs. These layoffs have impacted employees both monetarily and mentally and it is most likely that this number will continue to rise as more companies are conducting restructuring exercises.
Another reason for these layoffs is that the winter round of funding was unexpectedly lower than in previous years.
