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Microsoft expects headcount to decrease in coming quarters

Business Insider·Ashley Stewart·about 1 month ago
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Microsoft CFO Amy Hood JASON REDMOND/AFP via Getty Images Microsoft reported quarterly results on Wednesday. The company said it expects headcount to decrease in its next fiscal year. Microsoft stock suffered its worst quarterly stock performance since 2008 earlier this year. Microsoft expects headcount to decrease in coming quarters, CFO Amy Hood said during an earnings conference call with analysts on Wednesday. "We continue to evolve how we operate to increase our pace and agility, and therefore we expect headcount will decrease year over year," Hood said. She was discussing the outlook for Microsoft's next fiscal year, which starts in July and runs through June 2027. Before the call, Hood sent out an internal memo to employees touting "increased pace" and "tighter, more accountable squads" amid recent organizational changes. Microsoft has cut thousands of jobs in recent quarters. The CFO's comments on Wednesday suggest that pressure on employees may continue.…

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