Layoffs hit Intel, Microsoft, Oracle and more

Microsoft has quietly laid off 1,000 employees across multiple divisions of the company, including Xbox, Xbox Cloud, Microsoft Strategic Missions and Technology organization, Azure, and Microsoft Government. The size of the job cuts, first reported by The Insider, is unknown.

In July, the company announced plans to lay off less than 1% of its 180,000 employees, and has delayed hiring since May.

“Like all companies, we regularly assess our business priorities and make structural adjustments accordingly,” Microsoft said in a statement to Axios. We will continue to hire in key growth areas.”

Faced with declining personal computer (PC) sales, Intel is also planning job cuts that could affect up to 20% of its workforce.

Covid-19 Restrictions In addition to the chipset market tensions, the China-Ukraine dispute appears to be the main reason for the slump in PC sales.

Bloomberg reports that headcount reductions are set to save the company 10-15% in fixed costs.

Texas-based Oracle is one of the computer technology companies to move quickly on a cost-cutting plan after laying off 200 employees at its former headquarters in California in August. The job cuts, first reported by The Information, are said to include data scientists, application developers, marketing specialists and software developers.

Earlier this year, Date Center Dynamics (DCD) reported that further job cuts at Oracle are likely in Europe, India and Canada.

UK-based chip designer Arm also signaled layoffs earlier this year when it announced plans to furlough 12-15% of its workforce, putting 1,000 jobs at risk. The layoffs come after his US$40 billion takeover bid for the company by Nvidia failed.

The news was first reported in the UK’s Daily Telegraph.

Salesforce, Amazon, Twitter, Meta, Tesla, Shopify, and Netflix are among the many companies that announced layoffs/hiring slump earlier this year.