The latest round of layoffs adds to about 6,000 roles the company eliminated in May.
Microsoft is culling more workers in its second big round of layoffs so far this year. The company is laying off less than 4% of its workforce and again slashing layers of management.
The layoffs will impact less than 4% of Microsoft's global workforce, impacting workers across different teams with varying levels of experience, according to a report.
Microsoft Corp (NASDAQ:MSFT) will lay off about 9,000 employees in its latest round of headcount reductions, according to media reports. Sources with knowledge of the matter told CNBC the layoffs will impact less than 4% of the company's global workforce.
Microsoft is firing thousands of workers, its second mass layoff in months.
Microsoft is planning to lay off 9,000 employees, impacting less than 4% of its global workforce, according to a report by CNBC.
Despite trading at a premium, Microsoft Corporation's fundamentals, cash flow, and long-term growth prospects more than justify it. Potential growth catalysts include Copilot+ PC adoption, continued growth of Azure, and enhancements to Bing AI. I reaffirm my Strong Buy rating for MSFT stock, citing robust financials, strong cloud/AI momentum, and consistent outperformance.
Microsoft will cut less than 4% of its global workforce across teams, role types and geographies. The company also announced layoffs in May affecting around 6,000 people.
Microsoft is laying off as much as 4%, or roughly 9,100, of the company's employees, the Seattle Times reported on Wednesday.
Wall Street analyst Dan Ives of Wedbush is well-known for his bullish outlook on many technology stocks, including Microsoft Corporation NASDAQ: MSFT. In fact, on June 25, Ives reiterated his Outperform rating for MSFT stock and raised his price target from $515 to $600.
CNBC's Jim Cramer on Tuesday pointed out that three megacap tech names managed to exit the first half of the year at all-time highs: Microsoft, Nvidia and Meta. He explained why he thinks they have outperformed their "Magnificent Seven" peers that have lead the market over the last few years.
The latest trading day saw Microsoft (MSFT) settling at $492.05, representing a -1.08% change from its previous close.