The company will terminate the contract of about 10,000 employees, although for Alberto Granados it is a process of adapting to current demand
Microsoft Spain president Alberto Granados assured that a layoff of 5% of the workforce, plans the company has already announced globally, “is not significant” but is involved in a “normal” process for tech companies in which they are adapting to the current demand. That’s why, as he explained during the informational breakfast of the Nueva Economía Forum this Monday, what Microsoft is doing is “reprioritizing and strengthening certain areas and projects in an agile way.”
In other words, despite the announced layoffs, which he did not explain how this would affect the Spanish workforce, for Granados “jobs are not being destroyed, but are going to where they are needed”. Therefore, the company assured that the layoffs will have no impact on the construction of its data centers in Madrid and the launch of its region in the cloud. “There are certain areas where we have divested and there are certain areas where we have divested and there are certain projects where you have to adapt to demand,” he continued.
Be that as it may, the announcement of the technology took place just two weeks ago. Specifically, Microsoft will terminate the contract for approximately 10,000 employees around the world. Even so, Microsfot’s high representative in Spain, while emphasizing that “no one is immune to the current situation”, recalled that his company has grown by 50% in terms of staff over the past three years. In his opinion, a conservative growth compared to other large technology companies that grew up to 70% and have now also announced layoffs.
And it is that since the end of last year and since the beginning of 2023, the flow of layoffs in large technology companies has been constant. The latest to announce a workforce adjustment was Spotify, which will lay off 6% of its employees (600 of its 9,800 employees).
According to the portal layoffs.fyi, which tracks the number of layoffs at technology companies, there will be nearly 68,500 layoffs in a total of 229 companies in 2023 alone. According to the same portal, this number will rise to 158,951 employees of 1,035 tech companies by 2022.
Source: La Verdad
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
