Microsoft Joins Peers in Hiring Slowdown Amid Economic Volatility

The Microsoft logo during the World Economic Forum (WEF) annual meeting in Davos, Switzerland, on May 23, 2022. Fabrice Coffrini/AFP via Getty Images

Microsoft Corp. looks to slow hiring in its Windows, Office, and Teams chat and conferencing software groups, Bloomberg reports.

Recently, Microsoft disclosed plans to double its budget for salary increases and boosting stock grants to retain key workers.