Microsoft employees are bracing for more layoffs

The company could cutstaff by as much as one-third, according to one person familiar with the plans. Microsoft declined to comment.

Many teams across Microsoft have frozen hiring, and the person said it's expected it could be a year or two before the company is back to hiring at a rate comparable to before the freezes started. Meanwhile, some teams are requiring executive-level approval for any exceptions to hiring freezes, and the team in charge of deciding how much compensation to offer candidates is cutting those offers by as much as 30%, the person said. They asked not to be identified discussing sensitive matters.

In October, Microsoft laid off about 1,000 employees from teams including the Xbox console gaming division, the cutting-edge Microsoft Strategic Missions and Technology organization, and other units,

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Microsoft to give US employees unlimited time off - San Francisco Business TimesMicrosoft is the latest company to move to a 'discretionary time off' policy, which it says 'aligns with more flexible ways of working.'
Source: SFBusinessTimes - 🏆 78. / 68 Read more »

EU preparing to stall Microsoft's Activision Blizzard acquisition: reportThe EU is preparing to give Microsoft an antitrust warning in the coming weeks over its deal to purchase Activision Blizzard, according to a new report.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Microsoft to expand ChatGPT access as OpenAI investment rumors swirlMicrosoft Corp on Monday said it is widening access to hugely popular software from OpenAI, a startup it is backing whose futuristic ChatGPT chatbot has captivated Silicon Valley. What's the worst that could happen? bing, bing, bing. siri are you hearing this sh1t? Thanks
Source: Reuters - 🏆 2. / 97 Read more »