Microsoft CEO Satya Nadella confirmed in a blog post that the company will lay off 10,000 employees between today and March, the third quarter of the company’s fiscal year (which began last July). While Nadella’s statement was coated in fairly technical language, he made it clear that the firm would continue to support employees who have been laid off for several more months.
Nadella said the job cuts represented less than 5 percent of the total workforce and that while it was letting people go, it was still hiring new people in “key strategic areas” to Some of those left behind may find a new role if found. requirements.
To help affected employees, Microsoft is offering benefits to eligible employees above market severance pay, six months of health care coverage, six months of continuation of stock awards, career transition services, and people preparation. Will provide 60 days notice prior to termination to assist. . Affected employees outside the United States will receive benefits consistent with those offered to workers in the United States.
“I want to express my deepest gratitude and appreciation to everyone who has contributed to Microsoft so far and to all of you who will continue to do your part. saidTalking directly to affected people. “Thank you for the focus, dedication and flexibility you show for Microsoft and our customers and partners every day.”
It’s worth noting that 60 days’ advance notice can be very valuable to affected employees. Data released in December by ZipRecruiter showed that 79% of employees who quit a job in tech last year were able to find a new job within the first three months of searching. If this continues, those fired from Microsoft may find work elsewhere until their termination date.
