Microsoft is preparing for the new fiscal year, and according to a report from Bloomberg citing an internal email, the company is making moves to slow down hiring. This impacts three core areas of Microsoft's operations, including Windows, Teams, and Office.
Per the report, hiring across these three Microsoft groups must now be approved by the leadership team that falls under Rajesh Jha. Additionally, the move comes because all three of these groups have recently expanded and Microsoft wants to "make sure it’s making the right hires in the right places." This is not a company-wide slowdown, however. Microsoft's full statement on this matter is seen below.
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 it will add additional focus to where those resources go.” The company’s fiscal year starts July 1
This news comes after it was revealed that Microsoft has a new stock-based compensation package that aims to keep employees satisfied. With this package, the goal was to prevent employees from moving to rival companies like Salesforce and Meta. Even so, those companies, and even Nvidia, have announced several hiring slowdowns due to the economic impacts of the COVID-19 pandemic.