Microsoft announced Wednesday plans to reduce organizational layers by cutting management positions and streamlining products, processes, and roles.
The layoffs were first reported by The Seattle Times. Meanwhile, Bloomberg News reported that Microsoft’s Barcelona-based King division—creator of Candy Crush—is cutting around 200 jobs, or 10% of its workforce.
Microsoft also talked and confirmed for Reuters that this gaming division was impacted by the layoffs, yet not the majority of the unit, but did not provide further information. Big Tech peers, which are investing heavily in artificial intelligence, have also announced job cuts.
Facebook parent Meta also announced earlier this year that they will be conducting about cut out %5 of its “lowest performers,” while Alphabet’s Google has also laid off hundreds of employees in the past year.
Amazon (AMZN.O) has also implemented job cuts across multiple business segments, most recently within its books division. Earlier, the company laid off employees in its devices and services unit, as well as its communications team.
Ongoing economic uncertainty and rising costs have prompted widespread layoffs across Corporate America, as companies work to streamline operations and guard against mounting financial pressures.
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