Data shows Microsoft cut 16,000 jobs in nine months, higher than the layoff target announced in January

According to news on October 26, as of September 30, 2023, Microsoft’s total number of global employees dropped to 215,500, which is a decrease of more than 16,000 from the peak of 232,000 at the end of 2022, which is significantly more than The company announced plans to lay off 10,000 employees in January.

According to Microsoft Chief Financial Officer Amy Hood’s statement on the company’s earnings call on Tuesday, US media calculated Microsoft’s latest total number of employees.

Hood said at the time that Microsoft’s headcount fell by 7% year-on-year. Although the company does not mention the number of employees in its financial report, the above figures can be obtained by reviewing historical data and previously disclosed data.

In January this year, Microsoft announced that it would lay off 10,000 people, accounting for about 5% of its total workforce, as part of a wave of layoffs across the technology industry at the time. In July, after the end of fiscal 2023, the company confirmed further job cuts in customer service, support and sales, but did not disclose the size of the cuts at the time.

The latest statistics do not include Activision Blizzard employees. As of December 2022, the company had 13,000 employees. Microsoft officially acquired the gaming giant on October 12, just after the end of the first quarter of fiscal 2024, which ended on September 30, 2023.

The massive layoffs at Microsoft come as the company seeks new growth opportunities in cloud computing and artificial intelligence and works to control costs. Microsoft's quarterly financial report released on Tuesday, local time in the United States, showed that operating expenses increased only 1% to $13.3 billion.

Microsoft reported fiscal first-quarter profit of $22.3 billion, up 27%, on revenue of $56.5 billion, beating Wall Street expectations in both metrics.

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