Microsoft Corp. 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.
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. shared its plans for a hiring slowdown.
Meta Platforms Inc., Snap Inc., and Salesforce Inc. have also undertaken similar measures.
By Anusuya Lahiri
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