Social News XYZ     

Microsoft hardware vertical to take biggest hit in layoffs

Microsoft hardware vertical to take biggest hit in layoffs

San Francisco, Jan 19 (SocialNews.XYZ) The Microsoft layoffs will especially hit its hardware vertical like Xbox gaming consoles, PC accessories, Surface laptops, AR HoloLens headsets and more, as it brings "changes to its hardware portfolio".

The tech giant is expected to announce big revenue drops in Windows and devices segments next week, reports The Verge.


In October, Microsoft bundled revenues from HoloLens, Surface, and PC accessories into "devices revenue" during its earnings report. It saw Surface revenue increase by 2 per cent.

However, Microsoft warned that its next earnings is likely to see a big drop of "around 30 per cent to devices revenue".

While announcing a job cut affecting 10,000 employees, Microsoft Chairman and CEO Satya Nadella said that the company is "taking a $1.2 billion charge in Q2 related to severance costs, changes to our hardware portfolio, and the cost of lease consolidation as we create higher density across our workspaces".

Microsoft also forecasted a Windows OEM revenue decline in the high 30 per cent range for its fiscal Q2 2023 earning results.

Outside of HoloLens vertical, Microsoft could also be looking at changes to its Surface lineup.

According to the report, Microsoft is also rumoured to have scrapped plans for a dual-screen Surface Duo 3.

"The software maker is reportedly moving to a truly foldable design instead and may have even been experimenting with more traditional slab smartphone designs," the report noted.

Source: IANS

Facebook Comments
Microsoft hardware vertical to take biggest hit in layoffs

About Gopi

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.

He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.

When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.

He can be reached at

%d bloggers like this: