Washington: Among the world’s best information technology companies, Microsoft, the largest software company, is also getting ready for mass layoffs. International media reported that they are planning to lay off five percent of their workforce due to the financial crisis.
If Microsoft, which currently has more than 2,20,000 employees, decides to reduce the number of employees by 5 percent, it is indicated that more than 10,000 employees may lose their jobs. Meanwhile, an international media reported that Microsoft will begin layoffs in its engineering divisions today.
Meanwhile, Microsoft is preparing to vacate the 26-story City Center Plaza in Bellevue. The lease expires in June 2024. The decision of the company is not to renew the lease agreement. However, Microsoft has stated that behind the move to vacate City Center Plaza is to ensure better facilities for the employees. Renovations of the company’s Redmond campus will be completed this year. That is why the lease agreement is not renewed, Microsoft explained. At the same time, the media points to the company’s crisis as a reason for leaving the office.
