MSFT Microsoft Corporation

--Microsoft Corp. cut some of its workforce on Monday in a business realignment after the close of its fiscal year on June 30, Bloomberg reported.

--The software giant said it plans to keep hiring for other roles and finish the current fiscal year with an increased headcount, the report said.

--The layoffs, which affected less than 1% of its workforce, spanned across groups ranging from consulting and customer and partner solutions and were dispersed across geographies, Bloomberg reported.

--Microsoft said the layoffs were not spurred by the worsening economic picture, the report said.

Full story at https://www.bloomberg.com/news/articles/2022-07-12/microsoft-cuts-jobs-but-plans-increased-headcount-this-year?sref=b0us4KbN

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

July 12, 2022 11:35 ET (15:35 GMT)

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