Microsoft kicks off fiscal year 2024 by dropping axe on hundreds of jobs

A week after the start of its 2024 fiscal year, the tech behemoth Microsoft announced Monday that it is cutting more jobs. The reductions are in addition to the 10,000 job losses caused by the downsizing that was announced in January.

The software developer also made a few cuts around this time last year according to a report on the newest cuts published by GeekWire on Monday.

After quickly increasing headcount to meet the rising demand during the COVID pandemic, Amazon, Google, and other significant technology companies reduced their operations this year, NBC reported.

Customers are looking for ways to reduce their cloud computing expenses, according to Microsoft's recent statements.

The number of layoffs in the most recent round was not made explicit by a Microsoft spokesperson.

Previously, CEO Satya Nadella announced in a memo that the company would change its hardware lineup and combine leases in January.

In a notice submitted on Monday, Microsoft announced that it would lay off 276 workers in Washington, where it is based. Sixty-six of them are virtual.

Salespeople and customer success representatives announced their dismissals via social media posts.

"Organisational and workforce adjustments are a necessary and regular part of managing our business," the spokesperson said in an email. "We will continue to prioritise and invest in strategic growth areas for our future and in support of our customers and partners."