Layoffs started?

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Microsoft cuts over 300 jobs in fresh round of layoffs: Report

According to a notice filed in Washington state and reviewed by Bloomberg, the latest cuts affected several hundred roles. While the company did not specify which departments were impacted, the move adds to the 6,000 layoffs Microsoft announced last month.

"We continue to implement organisational changes necessary to best position the company for success in a dynamic marketplace," a Microsoft spokesperson said, framing the decision as part of a broader recalibration in response to evolving business priorities.

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Morgan Stanley layoffs to hit 7 NYC offices

Morgan Stanley will lay off 230 employees in seven of its New York City offices, Citywire can confirm.

The dismissals from the New York offices are a part of the firm’s efforts to cut at least 2,000 employees from its 80,000-person global workforce, a roughly 2.5% reduction.

This round of layoffs will begin on June 17, according to multiple WARN notices filed with the New York State Department of Labor.

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BT CEO warns AI could trigger layoffs beyond planned 40,000

BT Group's CEO Allison Kirkby has hinted that the rapid development of artificial intelligence (AI) could lead to even more job cuts in the company.

The Financial Times reported her as saying that the current plan to cut over 40,000 jobs by 2030 and save £3 billion ($4 billion) in costs does not fully account for AI's potential impact on workforce requirements.

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Microsoft prepares for fresh layoffs amid AI expansion, sales employees likely targeted

According to a Bloomberg report, Microsoft is reportedly planning to cut thousands of additional jobs, with a focus on departments such as sales. Citing unnamed insiders, the report suggests the layoffs may be disclosed in early July. Microsoft’s fiscal year 2025 concludes on June 30. When approached for comment, a Microsoft representative stated that there were no updates to share about potential staffing changes.

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Standard Chartered’s Singapore jobs hit as bank chases US$1.5b return to investors

SINGAPORE, June 19 — Standard Chartered has laid off about 80 employees in Singapore, with many roles from its technology and operations teams being offshored to India, according to a report by financial careers site eFinancialCareers.

The London-based bank’s latest round of job cuts comes under its global “Fit for Growth” cost-saving programme, which aims to return US$1.5 billion (RM6.38 billion) to shareholders.

This move could mark just the beginning of deeper restructuring, as “sources at the bank in Singapore said the 80 jobs currently being offshored to India are likely only the start”.

Responding to queries from The Straits Times, a Standard Chartered spokesman said: “Singapore remains a critical centre for their global businesses and technology and operations teams,” though he declined to comment on whether the layoffs were directly tied to shareholder returns.

The latest move comes as global banks continue to restructure their operations. DBS has said it will trim 4,000 contract and temporary roles over the next three years, citing automation and AI adoption. HSBC also announced a wave of cuts in October 2024, mostly targeting senior positions to reduce duplication.

[andhra_jp]

Norway's Statkraft to cut costs by $292 mln, may announce layoffs

COPENHAGEN, June 18 (Reuters) - Norwegian state-owned utility Statkraft said on Wednesday it would cut its annual costs by around 15% or 2.9 billion crowns ($292 million) by 2027, citing increased global uncertainty, higher expenses and lower power prices.

 

The company already announced in May that it had stopped developing new green hydrogen projects due to higher costs and uncertain demand, after it scaled back its hydrogen ambition last year.

 

"Statkraft needs to adapt to the changing market and increased geopolitical uncertainty," Statkraft CEO Birgitte Ringstad Vartdal said in a statement on Wednesday.

 

The specific measures, including any staff reductions, will be identified during the second half of 2025, the company said.

 

Statkraft said it would prioritise near term profitable technologies, including solar, wind and batteries in fewer markets, pointing to slow development of the offshore wind industry.

"Offshore wind will play an important role in the power mix in Europe, but the pace of development of the industry has been slower than previously forecasted, and this has impacted the ability to drive down costs in the short term," Vartdal said.

 

The company said it would stop further activities in new projects, including Norway's upcoming allocation round of Utsira Nord, and that it will stop its development activities in Portugal.

 

It added that it would assess its investment in solar, wind and batteries in Poland, but that it would proceed with the development of the North Irish Sea Array project. Statkraft will continue market activities in both Portugal and Poland, it said.

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Microsoft layoffs 2025: The tech giant reportedly planning to cut thousands of jobs in this department

Microsoft is reportedly planning fresh job cuts in its Xbox division, continuing a wave of layoffs that have affected multiple units across the company over the past 18 months.

Microsoft is reportedly preparing to lay off employees from its Xbox division next week. According to a report by Bloomberg, the cuts are expected to be part of a broader company-wide restructuring effort. Sources familiar with the matter indicated that managers within the Xbox business unit are anticipating “considerable” reductions. This marks the fourth major layoff for the Xbox team since early 2023, following three previous rounds and the closure of several subsidiary studios.

The layoffs come amid growing pressure from Microsoft’s leadership to improve profitability within the Xbox business, which handles both hardware and software. The scrutiny reportedly intensified after the company completed its $69 billion acquisition of Activision Blizzard in 2023, the largest deal in Microsoft’s history. The company is now looking to streamline operations and improve margins ahead of the close of its financial year on June 30.

 

Ongoing layoffs across Microsoft

The upcoming cuts in Xbox add to a string of recent workforce reductions. Microsoft laid off over 300 employees earlier this month, just weeks after cutting 6,000 roles across departments, bringing the total to over 6,300 in recent weeks. These represent the company’s second-largest set of layoffs since 2023, when it eliminated 10,000 jobs in a single wave.

While the company has not officially confirmed which roles will be affected, past cuts have included software engineers, project managers, and sales staff. Bloomberg previously reported that Microsoft’s sales departments will be impacted in the upcoming round as well.

Satya Nadella calls it a “realignment”

In a previous internal town hall, Microsoft CEO Satya Nadella told employees that the layoffs were not performance-based but part of a larger realignment. “This was not about people failing. It was about repositioning for what comes next,” he said.

Microsoft has not issued an official statement regarding the latest round of job cuts.

[andhra_jp]

Bumble to Cut 30% of Workforce as Online Dating Apps Aim to Improve User Experiences

App that lets women swipe first also raised its quarterly revenue outlook

Bumble is laying off around 240 employees, about 30% of its staff, to restructure and focus on strategic priorities, according to CEO Whitney Wolfe Herd.

 

• Bumble also raised its second-quarter outlook, expecting revenue of $244 million to $249 million, and anticipates $40 million in cost savings.
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  In May, Match Group, owner of Tinder, said it would cut 13% of its staff, as online dating apps struggle to attract Gen Z users who prefer in-person meetings.

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