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Microsoft Announces Job Cuts, Google Will Slow Hiring

Microsoft Corp. cut some jobs on Monday as it realigned business groups and roles after its June 30 fiscal year-end. He said he plans to continue hiring for other roles and finish the current fiscal year with increased headcount. The layoffs, affecting less than 1% of the 180,000 employees, spanned a variety of groups, including consulting and customer and partner solutions, and were scattered across all geographies, the Redmond-based company said. , in the state of Washington.

“Today we had a small number of role eliminations. Like all companies, we regularly assess our business priorities and make structural adjustments accordingly,” Microsoft said in an emailed statement. “We will continue to invest in our business and grow our workforce overall in the coming year. »

Alphabet Inc.’s Google plans to slow hiring for the rest of the year in the face of a potential economic downturn, chief executive Sundar Pichai said in an email to staff on Tuesday.

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Pichai said the company would focus on hiring “technical, technical and other critical roles” in 2022 and 2023, according to a copy of the email seen by Bloomberg News.

“To move forward, we must be more enterprising, work with more urgency, sharper focus and more hunger than we showed on sunnier days,” Pichai wrote. “In some cases, that means consolidating areas where investments overlap and streamlining processes. »

In recent years, Microsoft has typically announced job cuts shortly after the July 4 holiday in the United States as it made changes for the new fiscal period. The company said the layoffs weren’t spurred by the deteriorating economic situation, but in May it also slowed hiring in the Windows and Office groups.

Historically, Google has remained relatively immune to economic lows in the technology sector. The internet giant suspended hiring after the financial crisis more than a decade ago, but has since steadily added waves of new hires to its core advertising business as well as areas such as smartphones, cars stand-alone and portable devices that are not yet profitable. Alphabet, Google’s parent company, which employed nearly 164,000 people as of March 31, has been hiring in recent years primarily for Google’s cloud division and new areas such as hardware.

Google’s decision mirrors that of other tech companies. In May, Snap Inc. and Lyft Inc. said they would slow hiring. Several weeks later, Instacart Inc. announced it would cut job growth, and Tesla Inc. followed with announcing a 10% reduction in its salaried workforce. Earlier this week, Google rival Microsoft Corp. announced it was cutting a small number of jobs. Meta Platforms Inc. also cut its hiring plans due to concerns about economic conditions.

In the email, Pichai said Google added 10,000 employees in the second quarter and had “strong commitments” over the next few months to hire college recruits. Business Insider reported earlier on Google’s plans.

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