According to a report published on Tuesday by Axios, which cited a source, Microsoft Corporation (MSFT.O) fired fewer than one thousand employees this week across several divisions. Microsoft is the most recent U.S. technology company to cut jobs or slow hiring in response to a slowdown in global economic activity.
The number of employees impacted by the layoffs was less than one percent of Microsoft’s overall staff as of the 30th of June.
In July, the firm said that it had reduced the number of opportunities it was offering but that it planned to grow the number of employees it employed in the future.
A request for comment on the Axios article that was sent to Microsoft by Reuters was not immediately met with a response.
As a result of higher interest rates, rising inflation, and an energy crisis in Europe, a number of technology companies, including Meta Platforms Inc (META.O), Twitter Inc (TWTR.N), and Snap Inc (SNAP.N), have reduced the number of jobs they have available and have cut back on hiring in recent months.