Microsoft Layoff: Not even a week has passed since Satya Nadella, the Indian-origin CEO of global IT giant Microsoft, met Prime Minister Narendra Modi. After meeting the Prime Minister, Satya Nadella announced to train five lakh people of rural India in Artificial Intelligence. This gift from Microsoft on New Year filled Indians with joy. Meanwhile, a bad news is coming from Microsoft. This company has announced major layoffs.
Layoffs are being done on the basis of performance
Microsoft has announced to lay off one percent of its company’s staff. The company has two lakh 28 thousand employees worldwide. In this way, 2280 or approximately 2300 employees will be removed from the global workforce. The company has decided to do this with underperforming staff. These include staff from many other departments including security. Microsoft spokesperson told CNBC that we are focusing on high talent. The company helps its employees to learn and grow. Despite this, action is taken against those who do not perform. This is part of the company’s new initiative of Global Talent Performance Management.
Performance report prepared after months
Managers have spent months preparing performance reports before preparing staff layoff plans. Further action has to be taken on that basis. Whatever employees will be removed, the space vacated by them will be filled by making new appointments. Microsoft’s global workforce will remain stable. This is not the first time that Microsoft is going to lay off staff. Even in 2023, the company had laid off 10 thousand staff. Apart from this, there were also minor retrenchments in its gaming zone xbox. Retrenchment is going on in other IT companies also from 2023 onwards.
Also read:
JSW Cement IPO: JSW Cement is coming with an IPO of Rs 4000 crore, got approval from SEBI, know the price band and GMP.
