The future is here, and it’s going to take a lot of work to make it happen.
The Microsoft Corporation announced Wednesday that 1.3 million jobs are at risk at the company.
That includes 1.5 million jobs at the software and services division, according to a statement provided to TechCrunch.
Microsoft said the new layoffs will result in a reduction in workforce of more than 4.4 million people, which is down from 4.9 million in May.
Those layoffs were part of the company’s efforts to reduce its workforce by nearly 3.5 percent.
Microsoft said it’s working to “provide our employees with a clear path forward in the coming months,” and that it’s looking for ways to reduce costs and improve efficiency.
Microsoft CEO Satya Nadella said in a statement that the layoffs were made “in light of significant challenges we are experiencing across the company, including in our cloud and mobility, security and support, education and research, product development and customer service teams.”
He said the company has “been working with our workforce to make a rapid turnaround.”
The layoffs come on the heels of a disappointing earnings report for Microsoft last week, which included a net loss of $1.1 billion for the quarter, the lowest quarterly profit in years.
Nadell said the $1 billion loss was “very disappointing.”
Microsoft was recently acquired by Amazon for $3.3 billion, which gave the tech giant access to more money for acquisitions and investment.
Microsoft will have about 5.4 billion users worldwide by the end of 2021, according the companys latest earnings report.