Microsoft is cutting more jobs this week, with CEO Satya Nadella confirming 10,000 layoffs during what the executive described as “times of significant change.” The job losses reportedly affect people at Xbox and Bethesda, in addition to Microsoft’s wider teams at large.
In a memo to staff, Nadella said the 10,000 layoffs–which amount to less than 5% of the company’s total workforce of more than 220,000–will take place beginning today, January 18, through the end of its third quarter of fiscal year 2023. According to The New York Times, Microsoft hired more than 75,000 people since 2019 to help meet demand for the growing interest in online services and cloud computing due to the onset of the pandemic.
This is just the latest round of layoffs at Microsoft, as Nadella eliminated around 25,000 jobs between 2014 and 2015 as a result of abandoning the company’s Nokia business.