The company announced that Microsoft would slow hiring in its Windows, Office, and Teams chat and conferencing software group. The new hires will have to be approved by Executive Vice President Rajesh Jha and his leadership team. Microsoft spokesperson said; that these groups have expanded recently, and the company wants to make sure it’s making the suitable hires in the right places. The spokesperson further stated that the slowdown in hiring is not a company-wide phenomenon; overall, the software maker will continue to hire.
As Microsoft gets ready for the new fiscal year, it makes sure the right resources are aligned to the right opportunity. The company Microsoft will continue to grow its headcount in the year ahead, and it will add additional focus to where those resources go.
The spokesperson also said that such caution is typical in periods of economic volatility.
The spokesperson also said that such caution is typical in periods of economic volatility. Apart from Microsoft, other big technology companies have also initiated hiring freeze as fears of an economic recession escalate. Chipmaker Nvidia Corp said Wednesday it expects to decelerate hiring in the second half of fiscal 2023. And companies such as Meta Platforms Inc, Snap Inc., and Salesforce Inc. have taken similar steps. Earlier this month, Microsoft said it would nearly double its budget for salary increases. Sequoia Capital tells startup founders tech has a ‘Crucible Moment Oost’ stock grants to retain critical workers better.