Microsoft Dips As It Reportedly Cuts Job Listings in Azure, Security

Seekingalpha2022-07-21
  • Microsoft (NASDAQ:MSFT) has slipped about 1.3% after hours alongside news that it's cutting a number of open job listings in the latest big-tech response to an economic slowdown.
  • The tech giant is cutting listings in its Azure cloud unit and in security software, according to Bloomberg, though the pulled listings and slower hiring could extend beyond those units.
  • The hiring freezes will continue into the foreseeable future, however.
  • Earlier on Tuesday, it was reported that Google was pausing hiring entirely for two weeks, an extension of last week's policy to slow hiring for the rest of the year.
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Comments

  • JeremyKok
    2022-07-23
    JeremyKok
    Is it a good time to buy?
  • Moolele
    2022-07-21
    Moolele
    In prep for slower growth
  • Kaixiang
    2022-07-21
    Kaixiang
    $Microsoft(MSFT)$: Slowing down ldhiring should not be misconstrued as change in fundamentals or bearish outlook for the company's performance. It is imperative to note that this is different from retrenchment, which isoften seen in high growth companies in recenttimes after a spree of mass hiring as part of their expansion plans during good times. On the contrary, cost management in volatile times and heightened macroeconomic risks should be perceived positively (instead of penalising a company that are proactively managingtheir risks). This does not eradicate the fact that demand for cloud services will continue to grow. This will certainly benefit Microsoft as the growth of Azure market share&n
  • Bspn
    2022-07-21
    Bspn
    Ok
  • hphoa
    2022-07-21
    hphoa
    Good 
  • Fayedea
    2022-07-21
    Fayedea
    Great
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