Microsoft is reducing a tiny portion of its workforce across all departments, the company acknowledged to CNBC Wednesday.
A Microsoft representative told CNBC via email on Wednesday that the company prioritises high-performance individuals.
Our goal is to support people’s learning and development at all times. We respond appropriately when individuals fail to perform.
The plans were covered by Business Insider late Tuesday. Less than 1% of workers will be impacted by the layoffs.
At the close of June, Microsoft employed 228,000 people.
Microsoft’s stock underperformed its rivals last year, climbing 12% while the Nasdaq gained 29%, despite the company’s net income margin of over 38% being close to its highest since the early 2000s.
When compared to other downsizing initiatives, Microsoft’s most recent layoffs are minimal.
Source (CNBC)
