share_log

Microsoft Joins Peers In Hiring Slowdown Amid Economic Volatility

Benzinga Real-time News ·  May 27, 2022 19:40
  • Microsoft Corp (NASDAQ:MSFT) looks to slow hiring in its Windows, Office, and Teams chat and conferencing software groups, Bloomberg reports.
  • Recently, Microsoft disclosed plans to double its budget for salary increases and boosting stock grants to retain key workers.
  • Microsoft's slowdown was not companywide, and overall it will continue to hire with additional focus on where those resources go.
  • Also Read: Snap CEO Hints At Hiring Slowdown, Spending Cuts After Warning Of Q2 Shortfall
  • Microsoft mentioned a need to realign staffing priorities amid global economic uncertainty as such caution was typical in periods of economic volatility.
  • Recently chipmaker Nvidia Corp (NASDAQ:NVDA) shared its plans for a hiring slowdown. 
  • Meta Platforms Inc (NASDAQ:FB), Snap Inc (NYSE:SNAP), and Salesforce Inc (NYSE:CRM) have also undertaken similar measures. 
  • Price Action: MSFT shares traded higher by 0.39% at $266.95 in the premarket on the last check Friday.
  • Photo Via Wikimedia Commons
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment