Microsoft halts hiring in US consulting unit as cost-cutting measure, CNBC reports
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Microsoft is pausing hiring in its U.S. consulting unit as a cost-cutting measure, according to an internal memo reported by CNBC.
January 14, 2025 | 9:00 pm
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Microsoft is implementing a hiring freeze in its U.S. consulting unit to reduce costs, as reported by CNBC.
The hiring freeze is a cost-cutting measure, which may indicate Microsoft's focus on maintaining profitability amid economic pressures. However, the impact on stock price is likely neutral in the short term as it is a minor part of the overall business.
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