Microsoft (MSFT) plans to halt hiring in part of its U.S. consulting business as the company continues efforts to control expenses, Alex Harring of CNBC reported, citing an internal memo. This hiring freeze reportedly aligns with broader cost-reduction measures, including recent layoffs affecting less than 1% of its workforce, according to a source.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSFT:
- AI Daily: White House announces new controls on AI chips
- Game On: Switch 2 said to be unveiled this week
- Trump Inaugural Fund Surpasses $200M with Large Silicon Valley Contributions
- Pearson, Microsoft enter multi-year partership for skilling the AI era
- Nvidia (NASDAQ:NVDA) Struggles as Blackwell Chip Glitches Derail $10B Orders