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Microsoft to Lay Off 305 Redmond Employees August 1, Following 6,000 Global Cuts; Washington Total Nears 2,300 | DeepNewz Business
Business Bytes
·
2m ago
Medial
Tech giant Microsoft is set to lay off more than 300 Redmond employees on August 1, as part of its ongoing measures to trim costs. This follows the company's recent global reduction of 6,000 jobs, despite heavy investment in AI initiatives. The layoffs reflect a trend within the tech industry, where companies are adapting to budget constraints while simultaneously pursuing advancements in artificial intelligence and other technological areas.
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Microsoft Cuts 305 Jobs at Washington HQ Weeks After 6,000 Layoffs Targeting Engineering and Legal Roles | DeepNewz Business
Business Bytes
·
2m ago
Medial
Microsoft recently announced an additional 305 job cuts at its Washington headquarters, following an earlier layoff of 6,000 employees. The latest layoffs primarily impact employees in legal, marketing, and engineering positions. These cuts are part of Microsoft's ongoing efforts to align its workforce and business strategies to adapt to changing market demands. Meanwhile, Del Frisco’s Grille in Philadelphia will close, laying off 51 employees between late July and early August 2025.
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Microsoft layoffs: Executive calls it a 'day with a lot of tears'
Economic Times
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2m ago
Medial
Microsoft is laying off about 6,000 employees, nearly 3% of its workforce, affecting mainly those in product management and software engineering roles in Washington. Despite strong recent sales, the layoffs are part of organizational changes aimed at reducing management layers and boosting agility, as the company invests in artificial intelligence. These cuts reflect a broader strategy in tech firms to rethink their expansions post-pandemic and prepare for future economic conditions.
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Return of pink slips? Intel, Microsoft, Tinder parent Match hit by layoffs
Economic Times
·
1y ago
Medial
Despite a brief slowdown earlier this year, tech companies are once again resorting to job cuts to control costs. Over 120,000 employees have been laid off by 384 tech companies this year. Major players like Intel, Microsoft, and Match Group have all announced significant layoffs. Indian tech startups are also facing challenges and have been forced to lay off employees due to a tough funding environment. Companies like Ola Electric, Paytm, and Byju's have announced substantial job cuts.
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Microsoft’s mass layoffs come despite a streak of profitable quarters
Economic Times
·
2m ago
Medial
Microsoft has laid off about 6,000 employees, representing nearly 3% of its workforce, despite strong financial performance. This move, the largest in over two years, affects mostly software engineering and product management roles, particularly in Washington. The layoffs aim to streamline operations, focusing on reducing management layers. Despite robust sales and profits, including growth in its Azure cloud division and investment in AI, Microsoft follows a broader industry trend of optimizing operations for long-term efficiency.
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Microsoft to lay off 3% of workforce, CNBC reports
Economic Times
·
2m ago
Medial
Microsoft is set to lay off approximately 6,000 employees, accounting for 3% of its workforce, as reported by CNBC. This decision is part of the tech giant's ongoing efforts to streamline operations and improve its overall efficiency. While specific details regarding the affected departments or regions were not disclosed, the layoffs reflect a broader trend among technology companies adjusting their human resources strategies in response to evolving market conditions and business needs.
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Ola Electric to cut jobs; Softbank may offload more stake in Paytm
VCCircle
·
1y ago
Medial
Ola Electric is reportedly planning to lay off 400-500 employees in an effort to reduce operating costs before its IPO. The final number of job cuts may vary. Meanwhile, SoftBank is considering offloading more stake in Paytm, possibly leading to a reduction in its shareholding. No further details were provided in the summary.
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Tesla to lay off over 6,000 employees in Texas, California, notices show
Economic Times
·
1y ago
Medial
Tesla plans to lay off 6,020 employees in Texas and California as part of its strategy to address slowing demand and falling margins. The job cuts were revealed in notices to the states, which require companies to notify 60 days ahead of planned closings or mass layoffs. The cuts will impact 3,332 jobs in California and 2,688 positions in Texas. Tesla's global workforce currently stands at around 140,000, with the recent cuts representing a 10% reduction. The move comes as Tesla faces pressure from dropping sales and increased competition in the electric vehicle market.
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Los Angeles Times to lay off 20% of newsroom in newspaper's largest staff reduction in its history
Medial
·
1y ago
Medial
The Los Angeles Times is set to lay off over 115 employees, representing more than 20% of its newsroom staff. This marks one of the largest staff cuts in the newspaper's history. The announcement comes after the LA Times Guild staged a walkout to protest the layoffs, the first-ever newsroom union work stoppage for the institution. The cuts are attributed to the newspaper's need to increase advertising and subscription revenues and address its yearly losses of up to $40 million.
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Blackrock to cut 3% of workforce, aims for larger man force by end of 2024
Livemint
·
1y ago
Medial
BlackRock, the financial giant, plans to lay off around 3% of its workforce to streamline operations and adapt to changing market conditions. Despite the job cuts, the company remains positive about its growth prospects and aims to have a larger workforce by the end of 2024, particularly in technology and alternative investments. This is a developing story, and updates are expected.
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Amazon competitor Zulily curtails operations, lays off hundreds
Economic Times
·
1y ago
Medial
Zulily, a former competitor of Amazon, is reportedly laying off hundreds of employees and shutting down operations. The company will lay off 292 workers in Washington and close its headquarters and several other facilities. Additionally, warehouses in Nevada and Ohio will be closed, resulting in 547 more layoffs. This follows previous rounds of layoffs and the resignation of Zulily's CEO. Zulily, which went public in 2013 and had a market value of $7 billion in 2014, was purchased by Liberty Interactive-QVC in 2015 and later sold to private equity firm Regent.
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