Microsoft, a major player in technology, is said to have lay off up to 1,000 employees across different divisions, following companies like Flipboard and Snap in using layoffs as a means of slowing down.
In a statement to the US-based website Axios, the creator of Windows noted that like all companies, Windows assesses business goals and makes structural changes as necessary. Microsoft also stated that it would keep funding its operations and hiring staff in crucial growth industries. The software juggernaut had announced in July that a modest number of positions had been cut and that it will eventually hire more people.
Bloomberg was able to access a mail from Snap CEO Evan Spiegel to the staff in which he stated that it had become obvious that the business needed cut costs in order to prevent “incurring severe continuing losses.”
“As a result, we have had to make the difficult choice to cut our personnel by about 20%. Depending on the level of prioritisation and investment required to execute on our strategic targets, the size of these changes varies from team to team, according to Spiegel’s email.
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