In the financial quarter ending September 30, the software company forecasted the slowest revenue growth in more than five years.
Digital Desk: A Microsoft representative confirmed the layoffs on Monday, as the software maker's income is likely to fall due to lower sales of Windows licences for PCs.
The move is consistent with efforts to reduce costs at both large and small technology enterprises. Meta Platforms and Salesforce are among the Silicon Valley companies that have reduced their hiring pace this year, despite layoffs at Coinbase, Netflix, and others.
"Like all businesses, we examine our business goals on a regular basis and make structural adjustments as needed," stated Microsoft spokeswoman. "In the coming year, we will continue to invest in our business and hire in important growth areas."
The statement comes three months after Microsoft announced that it had cut fewer than 1% of its workforce.
Microsoft forecasted 10% sales growth in the fiscal first quarter, the slowest in more than five years, in July. On October 25, the corporation will report profits.
According to Axios, which reported the layoffs earlier on Monday, the cuts affected fewer than 1,000 individuals and cited an unnamed source.
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