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8/11, 2:40 AM (Source: TeleTrader)
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Microsoft lays off hundreds of contractors - report

Microsoft Corporation decided to cut hundreds of contracted recruiters and talent acquisition personnel, Business Insider reported, citing sources familiar with the matter.

According to one of the sources, Microsoft notified the workers that their contracts will end on Friday, August 12, and that the severance will not be paid. While most of the laid-off contractors had less than six months left under their contracts, some were revealed to have more than a year left with the company.

Earlier this week, the corporation let go of a team dedicated to reinventing its appeal to consumers, with one of the sources estimating that there were around 200 people in that department. Previously, it was reported that Microsoft would be reducing its expenses.

Baha Breaking News (BBN) / AY