Microsoft is closing many unfilled job openings, including those in its Azure cloud business and security software division, as it prepares for a slump in the economy.

The freeze will go on for the foreseeable future, Microsoft said, and it denied specifying the affected divisions and businesses.

The corporation stated it will guarantee existing job offers for vacant posts and will make some exceptions for crucial positions.

READ MORE: LAYOFFS AT MICROSOFT AS FISCAL YEAR BEGINS

It is an extension of a hiring freeze announced in May, which mostly affected its Windows, Office, and Teams departments.

The company said: “As Microsoft gets ready for the new fiscal year, it is making sure the right resources are aligned to the right opportunity.”

“Microsoft will continue to grow headcount in the year ahead, and we will add additional focus to where those resources go.”

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Microsoft eliminated fewer than one percent of its 180,000-person staff earlier this month, affecting areas like consulting and client solutions.

However, the company claimed that it intended to end the current fiscal year with a higher headcount.

The actions mirror others in technology, such as Google CEO Sundar Pichai’s warning to employees to expect a hiring freeze for the rest of the year.

Apple is also preparing to pause recruitment and spending in some divisions in the coming year.

Azure, the No. 2 infrastructure cloud provider, has been attempting to close the gap with larger rival Amazon Web Services for years.

The Microsoft unit’s percentage growth rate remains one of the most carefully followed indicators in its quarterly earnings.

The new fiscal year for Microsoft began on July 1.

As the company reassesses where it wants to spend, the month is generally a time of job layoffs and recruiting alterations.

Still, such a broad rollback in hiring plans is uncommon, and it comes as recession concerns grow, with inflation, the Ukraine crisis, and the lingering pandemic all taking their toll.

Source: MSN

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