Microsoft layoffs: Tech giant cuts 830 jobs in home state
recently announced that it has laid off 9,000 employees. Among the thousands of jobs eliminated, 830 employees in the company's home state of Washington have been impacted.
Tired of too many ads? go ad free now
These layoffs are part of a broader effort by the tech giant to streamline operations. According to CNBC, a document submitted by Microsoft to Washington employment officials reveals the impact of the layoffs across various departments.
Microsoft cuts jobs across gaming, engineering and research departments
Within the gaming sector, nearly a dozen game design workers in the state were let go, alongside three audio designers, the report said.
The cuts also extended to engineering and research, affecting two mechanical engineers, one optical engineer, and one lab technician.
Microsoft Research saw the departure of five individual contributors and one manager. Additionally, the company laid off 10 lawyers and six hardware engineers, the publication reported.
Sales and cloud divisions also affected
The restructuring also hit Microsoft's sales force, with 16 customer success account management staff, 28 in sales strategy enablement, and five in sales compensation roles based in Washington being let go, the report said, adding that a Washington-based government affairs worker was also included in the reductions.
Even the growing cloud services division experienced cuts, with 17 jobs eliminated in cloud solution architecture within the state. This comes as Microsoft's fastest revenue growth continues to be driven by Azure and its other cloud offerings.
While CEO
has not publicly commented on these latest layoffs, many Microsoft salespeople and video game developers have taken to social media to announce their departures.
During an April conference call with analysts, Microsoft CFO Amy Hood had indicated the company's 'focus on cost efficiencies' during the March quarter.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
an hour ago
- Indian Express
‘Open defiance of courts': Lawyer who fought for a decade to get old vehicles banned on Delhi govt's U-turn
In 2014, Delhi-based lawyer Vardhaman Kaushik moved the National Green Tribunal (NGT) over the Capital's choking air pollution crisis. A decade and orders from the NGT and Supreme Court later, a no-fuel ban on end-of-life petrol and diesel vehicles has barely lasted three days. On Thursday, in a letter to the Commission for Air Quality Management (CAQM) — the overarching statutory body for matters concerning air pollution — Delhi Environment Minister Manjinder Singh Sirsa had said that it would not be feasible to enforce the ban 'at this juncture', and 'immediate implementation… may be premature and potentially counter-productive'. The ban came into effect on July 1. The Delhi government's move has drawn sharp criticism from several quarters. According to Kaushik, the 'poor implementation' of the ban order is 'an open defiance of courts'. 'The (Supreme Court) judgment (on fuel ban) had come in long ago, in 2018… and it has not been executed,' Kaushik told The Indian Express. 'The fuel ban was only a way to implement the court's directions. The hue and cry over this now doesn't make sense.' 'This is not a new rule. These rules for end-of-life vehicles have been there for a long time. The judgment is not being taken seriously,' Kaushik said, adding that only a few vehicles have been impounded over the years. Kaushik dismissed the argument that the ban unfairly targets the middle class. 'People who can afford cars and sit in air-conditioned rooms are cribbing at not being able to sell their car at good rates… Their opinion should not matter,' he said. 'The larger population that cannot afford cars bears the brunt of air pollution.' He insisted that emissions, not the age of the vehicles, should be the focus. However, he underscored that age remains a legitimate proxy. 'Even if an age cap is put aside as suggested by the Environment Minister, the fact remains that a (Bharat Standard) BS III or a BS IV vehicle will always be far more polluting than a BS VI vehicle. The government needs to take a call at this juncture.' In April 2015, acting on Kaushik's plea, the NGT had laid the legal foundation for phasing out old vehicles from the Capital's roads. In 2018, the Supreme Court banned diesel vehicles older than 10 years and petrol vehicles older than 15 years in Delhi. The legal backing for the ban was reinforced by the 2018 SC order, which had upheld the NGT order. 'The Transport Departments of NCR will immediately announce that all diesel vehicles more than 10 years old and petrol vehicles more than 15 years old shall not ply in NCR in terms of the order of the National Green Tribunal…,' the order had said. It also mandated the impounding of violators and directed that lists of such vehicles be published on the websites of the Central Pollution Control Board and respective transport departments. Following the CAQM's April order on enforcing a fuel ban, a phased rollout was planned, first in Delhi from July 1, then expanded to the districts of Faridabad, Gurgaon, Ghaziabad, Gautam Buddha Nagar, and Sonipat in November. The plan was to expand the ban to the rest of the NCR from April 1, 2026.
Time of India
2 hours ago
- Time of India
Sebi bans Jane Street, says disgorge Rs 4.8k crore
US fund Jane St banned from D-St over 'mkt manipulation' MUMBAI: Markets regulator Sebi late on Thursday banned US-based foreign fund Jane Street from the Indian market for manipulating stocks and derivatives segments over several years to make huge illegal gains. Jane St, known for their quant-based trading strategies, has also been asked to disgorge nearly Rs 4,850 crore - illegal gains accrued to them by trading on the NSE between Jan 2023 and March 2025, a Sebi order said. This is the highest-ever disgorgement amount ordered by Sebi for any kind of illegal activity in the market. In an interim order, Sebi banned JSI Investments, JSI2 Investments, Jane Street Singapore and Jane Street Asia Trading, from trading in the Indian market until further notice. The markets regulator's investigation will continue. Multiple Strategies: So far, Sebi has identified two types of manipulative strategies. One was to buy heavily in Bank Nifty's 12 constituent stocks and futures in the morning session, then buying put options on the index, selling the stocks aggressively in the afternoon to pull down Bank Nifty that in turn pushed up index options prices to eventually make huge profits. The other strategy was to push for concentrated selling or buying in the last two hours of the expiry day to swing index levels and make investigation report noted that although Jane St incurred some losses in some parts of the trades, profits from the rest more than made up for the losses. Rs 36,502 cr profits: Sebi's interim investigation showed that between Jan 2023 and March 2025, Jane St had made a total profit of Rs 36,502 crore. During that period, on Jan 17, 2024, the trading firm had made a profit of Rs 735 crore, the highest single-day gain for the now-banned foreign fund. NSE caution letter: While Sebi was investigating Jane St's trading activities, on Feb 6, 2025, NSE had issued a caution letter to Jane Street Singapore and its related entity, asking them to refrain from taking large positions in the Indian market and to refrain from undertaking certain trading patterns. However, in disregard of NSE's caution letter, and the group's commitments to the exchange, "Jane St was observed to continue to run very large (trading) positions in index options", Sebi's report said there is a strong case that the period of investigation as well as exchanges on which Jane St had traded could be expanded to unearth the full scale of manipulation in the Indian market by the US-based global quant trading giant. "The interim order has only looked at 18 major days of prima facie Bank Nifty index manipulation on expiry day between Jan 2023 and March 2025), and three days of nifty index manipulation on expiry day during May 2025," sources said. "Investigations into other expiry days, other indices (including across exchanges), and other potential patterns besides the two highlighted in the order will need to continue." "There should not be any major market impact from this enforcement action," sources said. "In the long run, the growth in market confidence, and a free and fair market, should aid responsible investing and capital formation."
India Gazette
2 hours ago
- India Gazette
Zerodha founder Nithin Kamath lauds SEBI for
New Delhi [India], July 4 (ANI): Founder and CEO of stock brokerage firm Zerodha, Nithin Kamath, on Friday lauded SEBI for 'going after' Jane Street, a US-based investment firm that has been alleged of index manipulation. In the 105-page interim order, SEBI has imposed to recover one of the highest ever illegal gains made by the group of Rs 4,843.57 crore. The order targets four key entities under the Jane Street Group umbrella: JSI Investments Pvt Ltd, JSI2 Investments Pvt Ltd, Jane Street Singapore Pte Ltd, and Jane Street Asia Trading Ltd. 'You've got to hand it to SEBI for going after Jane Street. If the allegations are true, it's blatant market manipulation,' Kamath wrote on X. 'The shocking part? They kept at it even after receiving warnings from the exchanges. Maybe this is what happens when you're used to the lenient U.S. regulatory regime. Think about the structure of U.S. markets: dark pools, payment for order flow, and other loopholes that allow hedge funds to make billions off retail investors. None of these practices would be allowed in India, thanks to our regulators,' he added. SEBI in its order today noted that the US-based firm used a profit maximising scheme to manipulate the market and booked substantial profits in index options, while incurring smaller losses in the cash and futures segments. The case stems from media reports in April 2024, pointing to legal disputes involving Jane Street's proprietary strategies in Indian markets. SEBI further stated that Jane Street Group entities, despite caution letters from NSE in February 2025 and their own commitments to refrain from certain trading behaviours, continued to deploy the same high-risk and market-distorting strategies. Given the gravity of violations and ongoing disregard for regulatory warnings, SEBI concluded that urgent intervention was necessary to protect market integrity and investor interest. (ANI)
