Microsoft lays off under 1000 employees at the start of the new financial year

It had been hoped that the burgeoning technology sector would be a safe haven from the expected wave of unemployment which will be sweeping the world soon, but it appears, at least for Microsoft, this will not be the case.

In its last financials in April this year, Microsoft’s revenue rose 15% despite the beginning of the COVID-19 pandemic with profit rising to US$10.75 billion for the quarter.

Two weeks ago the company warned about the impact of mass unemployment related to the pandemic and said it would fight this wave by retraining workers to make them more fit for the new economy and save millions of jobs.

Microsoft says it is common for the company to re-evaluate its business as it enters a new fiscal year.

To know more stay tuned to . Please follow or subscribe for latest info.

You can also Follow us on twitter @Nerdytechnos For the latest digital news.

You can also Follow us on facebook @Nerdytechnos For the latest digital news.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.