Microsoft laid off employees, know what reason the company gave.

Recently, many big companies of the world are showing signs of layoffs.

Layoffs at Microsoft account for about 1 percent of the 1.81 lakh employees in its offices and product divisions.

"We will continue to invest in our business and increase the overall workforce in the coming year," the company said.

However, this news of layoffs in the company has come for the first time in 5 years.

Microsoft has also reduced hiring across Windows, Teams and Office Groups.

According to the news published in Times of India, a spokesperson of the company has confirmed this information.

Microsoft reported strong earnings in its third quarter, with cloud revenue up 26 percent (on-year) and total revenue of $49.4 billion.

However, last month, the company revised its fourth quarter revenue and income guidance downwards.