Microsoft is thriving and raking in record revenues and profits quarter-after-quarter and year after year. With growth expected to extend into the future, the next few years look good for Microsoft. However, a report from Bloomberg suggests the company is ready to slow down its recruitment, specifically across Windows, Office, and Teams.
Those three Microsoft groups will shift their hiring strategy. Microsoft will now demand that any recruitment in Windows, Office, and Teams must be approved by the leadership team headed by Rajesh Jha.
While all divisions are growing along with Microsoft's huge success, the company wants to take more control over its recruitment. It is also worth noting Windows, Office, and Teams have recently added new employees.
Speaking to Bloomberg, the company said the following about its change of hiring plans:
“As Microsoft gets ready for the new fiscal year, it is making sure the right resources are aligned to the right opportunity. Microsoft will continue to grow headcount in the year ahead and it will add additional focus to where those resources go.”
Microsoft will begin its fiscal 2023 on July 1, and will also deliver its financial reports for the last quarter and fiscal 2022.
Earlier this month, Microsoft CEO Satya Nadella announced a new employee compensation package to keep the company competitive. Microsoft plans to increase its Annual Stock ranges by 25 percent or more.
This will be for all employees who are level 67 and below. Microsoft's plan is to reward employees and ease growing reports of unrest and people leaving the company.
Tip of the day: If you lost the key to your Office installation, you can use a free Microsoft Office key finder which will show which key has been used during setup.