Microsoft Announces Workforce Reduction, Reports Impressive Profits In a significant development, Microsoft disclosed its decision to reduce its workforce by approximately 10,000 employees in January, which accounts for approximately 5% of its total workforce. This strategic move indicates the company’s commitment to optimizing its operations and aligning its workforce with evolving business needs.
It’s noteworthy that this reported employee count does not encompass the workforce from the recently acquired company, Activision-Blizzard. This acquisition has the potential to significantly impact Microsoft’s overall workforce composition.
Despite the workforce reduction, Microsoft reported remarkable financial results, with profits reaching a staggering $22.3 billion, representing a notable 27% increase. These profits were generated from a substantial revenue of $56.5 billion, underscoring Microsoft’s ongoing success in the ever-evolving tech industry.
This balance between optimizing the workforce while maintaining robust financial performance illustrates Microsoft’s strategic prowess and adaptability in the competitive technology sector.
Last Updated on: Thursday, October 26, 2023 11:13 am by Anu Priya | Published by: Anu Priya on Thursday, October 26, 2023 11:13 am | News Categories: News, Business, GENERAL, Tech
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