TECH - Microsoft Google Announce Hundreds Of Job Cuts In Tech Departments Despite Robust Financials | Benzinga
Satya Nadella-led Microsoft Corporation (NASDAQ:MSFT) and Sundar Pichai’s Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) have announced significant layoffs in their respective departments, impacting hundreds of employees.
What Happened: On Monday, Microsoft announced layoffs that can reportedly impact 1,000 employees, including those in the mixed reality department working on HoloLens 2. The Azure for Operators and Mission Engineering departments have also seen significant cuts, reported The Verge.
Microsoft spokesperson Craig Cincotta stated, “Earlier today, we announced a restructuring of Microsoft's Mixed Reality organization. We remain fully committed to the Department of Defense's IVAS program and will continue to deliver cutting-edge technology to support our soldiers.”
“In addition, we will continue to invest in W365 to reach the broader Mixed Reality hardware ecosystem. We will continue to ...