Microsoft Corp Chief Executive Officer Satya Nadella attends a panel session at the World Economic Forum in Davos, Switzerland on May 24, 2022.
Holly Adams | Bloomberg | Getty Images
Microsoft Said that it will reduce the pace of hiring new employees in view of the prevailing economic conditions, following similar announcements from its technical counterparts.
“As Microsoft gears up for the new fiscal year, it’s making sure the right resources are paired with the right opportunity,” a Microsoft spokesperson told CNBC in an email on Wednesday. “Microsoft will continue to grow headcount over the coming year, and we’ll pay extra attention to those resources where they go.”
Microsoft shares fall 1% in extended trading after initial report bloombergIn which it was said that the software company was getting rid of job listings.
Alphabet, meta and allegedly Apple Committed to slowing the pace of new appointments. It follows years of expansion as investors reap rewarded revenue growth and market share gains. With inflation at a four-decade high and recession fears on the horizon, companies are becoming more conservative.
While Microsoft sells software to corporations, schools, and governments, some parts of the business may be more impacted by the recession. Those areas include LinkedIn, the Xbox Gaming Unit, and advertising.
In March, Rajesh Jha, executive in charge of Office productivity software and part of the Windows operating system, tell your organization To be cautious about opening new roles and to obtain permission from your leadership team ahead of time. Earlier this month, Microsoft cut a small percentage of employees in different groups.
In June, Microsoft low In its quarterly earnings and revenue estimates, the company said an adjustment was linked to changing foreign exchange rates. Microsoft reports fiscal fourth quarter earnings on July 26.
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