Microsoft plans to reduce training and meeting costs

Microsoft wants to cut costs due to "current economic conditions," writes Forbes with reference to the Wall Street Journal.

Microsoft's chief executives in Redmond told employees that the company plans to cut its budget.The cuts will affect spending on Business Travel, Outdoor Training, and meetings. "At a recent picnic for one of the Microsoft Teams, managers paid for their employees' food and drinks instead of billing the company. According to the source, in the past, the company usually covered such costs," the article says. Details

Earlier, Microsoft froze hiring in some parts of the company and said that it plans to lay off about 1% of people, which is more than 1,800 specialists.

This week, Microsoft laid off some employees of the modern life Experiences group, which helps develop software products for consumers.

On the eve of Microsoft reported the slowest sales growth in the last two years: revenue in the last quarter increased by 12% to.51.9 billion. The company has been hit by a downturn in its cloud business, declining video game sales, and the impact of a strong dollar.