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26.03.26 - 21:54
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Microsoft Freezes Hiring In Cloud And Sales As Stock Suffers Worst Start To Year On Record (ZeroHedge)
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Microsoft Freezes Hiring In Cloud And Sales As Stock Suffers Worst Start To Year On Record
Microsoft shares were trading lower Thursday afternoon, leaving the stock deeper in bear-market territory and down about 24% on the year. Seasonal data suggests it is the worst start to a year for Microsoft on record.
A new report from The Information says Microsoft executives have instructed managers across major divisions, including Azure cloud and North American sales, to freeze hiring as part of a broader effort to reduce costs and boost margins ahead of the June fiscal year-end.
Microsoft employees who spoke with the outlet said the hiring freeze is not companywide. They said Copilot and some other AI-related engineering divisions are still hiring, but managers in large cloud and sales organizations were told to halt all new hirings in recent weeks.
"The company reported slightly decelerating Azure growth in the fourth quarter of last year and said roughly 45% of its Azure revenue backlog...
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