01-20-2023 , 01:36 AM
https://news.softpedia.com/news/microsof...6857.shtml Microsoft to Let Go 10,000 Employees
The company says US and non-US employees will be affected
Jan 19, 2023 06:29 GMT · By Bogdan Popa Microsoft is the latest big name to announce a substantial job cut, as the company has confirmed the elimination of 10,000 roles both in the United States and in other regions.
CEO Satya Nadella was the one who delivered the bad news in an announcement today, explaining that the job cut represents less than 5 percent of the company’s total workforce.
All jobs are projected to be eliminated by the end of March, with employees to be provided with a 60 days’ notice prior to termination, as well as a series of other benefits. Nadella explains that the first employees affected by the job cut are already being notified as we speak, as the process will happen in stages until the end of this fiscal quarter.
Microsoft’s CEO, however, says the company will continue to hire new people in certain roles, so some of those impacted by the job cut could eventually find a new place within the firm if they fit.
“It’s important to note that while we are eliminating roles in some areas, we will continue to hire in key strategic areas. We know this is a challenging time for each person impacted. The senior leadership team and I are committed that as we go through this process, we will do so in the most thoughtful and transparent way possible,” Nadella explains.
The benefits of employees hired outside of the United States will align with the ones received by American workers, the CEO guarantees.
“We are committed to ensuring all those whose roles are eliminated have our full support during these transitions. U.S.-benefit-eligible employees will receive a variety of benefits, including above-market severance pay, continuing healthcare coverage for six months, continued vesting of stock awards for six months, career transition services, and 60 days’ notice prior to termination, regardless of whether such notice is legally required. Benefits for employees outside the U.S. will align with the employment laws in each country,” he said.
The company says US and non-US employees will be affected
Jan 19, 2023 06:29 GMT · By Bogdan Popa Microsoft is the latest big name to announce a substantial job cut, as the company has confirmed the elimination of 10,000 roles both in the United States and in other regions.
CEO Satya Nadella was the one who delivered the bad news in an announcement today, explaining that the job cut represents less than 5 percent of the company’s total workforce.
All jobs are projected to be eliminated by the end of March, with employees to be provided with a 60 days’ notice prior to termination, as well as a series of other benefits. Nadella explains that the first employees affected by the job cut are already being notified as we speak, as the process will happen in stages until the end of this fiscal quarter.
Microsoft’s CEO, however, says the company will continue to hire new people in certain roles, so some of those impacted by the job cut could eventually find a new place within the firm if they fit.
“It’s important to note that while we are eliminating roles in some areas, we will continue to hire in key strategic areas. We know this is a challenging time for each person impacted. The senior leadership team and I are committed that as we go through this process, we will do so in the most thoughtful and transparent way possible,” Nadella explains.
The benefits of employees hired outside of the United States will align with the ones received by American workers, the CEO guarantees.
“We are committed to ensuring all those whose roles are eliminated have our full support during these transitions. U.S.-benefit-eligible employees will receive a variety of benefits, including above-market severance pay, continuing healthcare coverage for six months, continued vesting of stock awards for six months, career transition services, and 60 days’ notice prior to termination, regardless of whether such notice is legally required. Benefits for employees outside the U.S. will align with the employment laws in each country,” he said.