Satya Nadella-run Microsoft becomes first tech giant to lay off employees

“Today we had a small number of feature eliminations. Like all companies, we regularly evaluate our business priorities and make structural adjustments accordingly,” Microsoft said. Bloomberg late Tuesday in a statement.

“We will continue to invest in our business over the coming year and grow the overall workforce,” the company added.

Microsoft has also delayed the hiring of Windows, Teams and Office groups.

Microsoft reported strong revenues in the third quarter, with a 26 percent jump (year-over-year) in cloud revenues and total revenue of $49.4 billion.

Last month, however, the company lowered its revenue and profit forecasts for the fourth quarter.

Twitter also cut 30 percent of its recruiting team, while Elon Musk run Tesla has laid off hundreds of employees.

Other tech companies that have slowed hiring include: NvidiaSnap, Uber, Spotify, Intel and Salesforce, among others.

Cloud giant Oracle recently considered laying off thousands of employees to save up to $1 billion in cost-cutting measures, the media reported.

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