Microsoft Corporation (NASDAQ:MSFT) has confirmed plans for more job cuts as the software maker’s revenue is expected to slow due to weaker sales of Windows licenses for PCs, CNBC has reported.
“Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly,” a Microsoft spokesperson told CNBC. “We will continue to invest in our business and hire in key growth areas in the year ahead.”
The news comes just three months after Microsoft said it had trimmed less than 1% of its employees.
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In July, Microsoft said it expected about 10% revenue growth in its fiscal first quarter, slower than it has been in more than five years. The company will be announcing earnings on October 25.
Axios, which reported the layoffs earlier on Monday, said the cuts impacted fewer than 1,000 people and cited an unnamed person.
The move aligns with efforts at technology companies to lower costs. Facebook owner Meta Platforms and Salesforce are among those that have slowed their pace of hiring this year.
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