{"id":222883,"date":"2022-10-19T14:41:32","date_gmt":"2022-10-19T13:41:32","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=222883"},"modified":"2022-10-19T14:43:37","modified_gmt":"2022-10-19T13:43:37","slug":"microsoft-lays-off-nearly-1000-staff-as-shares-drop-to-30","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/10\/19\/microsoft-lays-off-nearly-1000-staff-as-shares-drop-to-30\/","title":{"rendered":"Microsoft lays off nearly 1000 staff as shares drop to 30%"},"content":{"rendered":"<p>Microsoft, an American multinational technology corporation, has cut close to 1,000 jobs globally as its stock price has fallen to 30% in a year.<\/p>\n<p>This occurs in the midst of declining product demand and recessionary anxiety.<\/p>\n<p>Less than 0.5 percent of the 221,000 employees worldwide working for the company were laid off.<\/p>\n<p>An affected longtime staff who was the product manager to the Chief Technology Officer, KC Lemson, and other affected staff have taken to social media to announce the sudden incident.<\/p>\n<p><a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/05\/17\/how-microsoft-board-investigated-bill-gates-intimate-relationship-with-employee\/\">Microsoft<\/a> executives, in a statement, explained that the company made structural adjustments as needed.<\/p>\n<p>\u201cLike all companies, we evaluate our business priorities on a regular basis,\u201d the spokesperson said. \u201cWe will continue to invest in our business and hire in key growth areas in the year ahead.\u201d<\/p>\n<p>With the announcement, Microsoft becomes the latest company to cut its workforce twice this year amid rampant inflation.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Microsoft, an American multinational technology corporation, has cut close to 1,000 jobs globally as its stock price has fallen to 30% in a year. This occurs in the midst of declining product demand and recessionary anxiety. Less than 0.5 percent of the 221,000 employees worldwide working for the company were laid off. An affected longtime [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":222892,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"https:\/\/dailypost.ng\/2022\/10\/19\/microsoft-lays-off-1000-staff-as-shares-drop-to-30\/","via_name":"","via_url":"","override_template":"0","override":[{"template":"custom","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"single-left","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"floatbottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[16587],"tags":[48439,48441,48438,7802,48440],"class_list":["post-222883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-1000-staff","tag-48441","tag-lays-off","tag-microsoft","tag-shares-drop"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Microsoft lays off nearly 1000 staff as shares drop to 30%<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2022\/10\/19\/microsoft-lays-off-nearly-1000-staff-as-shares-drop-to-30\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Microsoft lays off nearly 1000 staff as shares drop to 30%\" \/>\n<meta property=\"og:description\" content=\"Microsoft, an American multinational technology corporation, has cut close to 1,000 jobs globally as its stock price has fallen to 30% in a year. This\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/news\/2022\/10\/19\/microsoft-lays-off-nearly-1000-staff-as-shares-drop-to-30\/\" \/>\n<meta property=\"og:site_name\" content=\"NEWS PICKS \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-19T13:41:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-19T13:43:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2022\/10\/ify_davies\/2022\/10\/19\/Microsoft.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Davies Ngere Ify\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta 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