Microsoft Fires 1,000 Staff As Their Shares Dived Down To 30%
October 19, 2022
9:06 pm
US multinational technology corporation, Microsoft, has reportedly laid off nearly 1,000 of its employees worldwide as the company’s shares had dipped to 30% in one year.
This fresh move is also coming amid fears of recession and also decrease in product demand and the layoffs represent less than half of 1 percent of the company’s 221,000 global employees.
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Microsoft executives, in a statement, explained that the company made structural adjustments as needed.
“Like all companies, we evaluate our business priorities on a regular basis,” the spokesperson said. “We …
