Oct 17, 2022 - Technology

Microsoft becomes latest tech firm to cut staff

Illustration of a calculator with colorful buttons that make up the squares of the Microsoft logo

Illustration: Natalie Peeples/Axios

Microsoft announced layoffs across multiple divisions on Monday, Axios has confirmed.

Why it matters: The move is yet another example of large tech companies cutting jobs after earlier moving to slow or freeze hiring as the broader economy cools.

Details: Microsoft declined to say how many jobs had been cut, but a source said the layoffs numbered under 1,000.

  • The cuts occurred across a variety of levels, teams and parts of the world.
  • Multiple laid-off workers turned to Twitter and Blind, among other online forums, to share that their job had been cut.

The big picture: Nearly all the major tech firms have slowed headcount growth, with many freezing all but essential hires. A number of companies have already moved to cut jobs, including Snap and, as Axios reported yesterday, Flipboard.

  • Meta, which had already frozen hiring, plans to cut budgets in most divisions, with layoffs expected.

What they're saying: “Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly. We will continue to invest in our business and hire in key growth areas in the year ahead,” Microsoft said in a statement to Axios.

Editor's note: This story has been updated with additional details.

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