Microsoft undergoes restructuring

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A spokesperson from the tech major has confirmed that business priorities are currently being re-evaluated.

Microsoft is currently restructuring its business, according to a statement by a spokesperson.

In response to queries by Human Resources Online, the spokesperson shared: "Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly. We will continue to invest in our business and hire in key growth areas in the year ahead."

The company has not commented on the quantum, markets or roles being affected by the move. Recent reports by various media outlets have cited that employees are being laid off.

Data as of 30 June 2022 shows the company having a total employee headcount of 221,000 - of which 122,000 workers are on USA rolls, while 99,000 comprise its international operations.

The latest announcement comes after Microsoft Corp. declared a quarterly dividend of $0.68 per share, reflecting a 6 cent or 10% increase over the previous quarter’s dividend, as on 20 September 2022. The company's 2022 Annual Shareholders Meeting is to be held on 13 December 2022, to be organised virtually and hosted by Satya Nadella, Chairman and CEO; Amy Hood, EVP and CFO; Brad Smith, Vice Chair and President; and John W. Thompson, Microsoft lead independent director.

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