According to international media reports, the well-known American high-tech giant Microsoft plans to cut thousands of jobs, some of which will be in the human resources and engineering departments.

The layoffs will be the latest in the US tech sector, where companies such as Amazon.com and Meta Platforms, Facebook’s parent company, have announced similar moves in response to slowing demand and a worsening global economic outlook. “With the bigger picture in mind, another round of upcoming layoffs at Microsoft indicates that conditions are not getting better and may even be getting worse,” said Morningstar analyst Dan Romanoff.

Due to the explosive growth of digital services, they have bumblingly returned to normal.

British broadcaster Sky News reported, citing well-informed sources, that Microsoft plans to cut about 5% of its workforce, or 11,000 jobs. And the Insider news site reported that Microsoft could cut its hiring department by a third. According to Bloomberg, these cuts will be significantly larger than other similar moves that took place at the company last year. The company officially had 221,000 full-time employees, including 122,000 in the US and 99,000 worldwide as of June 30, 2022. a market that hit sales of its operating software and devices. Shares of Microsoft, which is due to publish quarterly results on January 24, rose slightly last night.

It is worth noting that in early November 2022, the financial news site businessinsider devoted an extensive article to the bloodbath, as he characterized it, referring to the massive layoffs in the technology sector that had begun at that time. Conglomerates affected include Meta (Facebook’s parent company), Salesforce, Stripe, Snap, Netflix and Oracle. Amazon and Microsoft followed suit. These are all very different companies, but they have one thing in common, as BusinessInsider points out. They have grown rapidly as the pandemic has shaped the demand for digital products and services. However, they were caught when the good times ended and there was a return to relative normalcy with higher interest rates and runaway inflation. “At the start of the pandemic in the early months of 2020, the world went online very quickly and e-commerce exploded — and at the time, many predicted a steady acceleration even after the pandemic is over,” the Facebook founder said. Mark Zuckerberg in a memo to employees laying out the reasons for cutting 11,000 jobs at Meta. “Me too, which is why I made the decision to significantly increase our investment. Unfortunately, it didn’t work out the way I expected.”