Why?
Because prioritizing cost management is the name of the game.
Here’s what’s happening:
Microsoft is halting new hires and backfills in its consulting business through the end of FY25 (June 2025).
Travel expenses for internal meetings? Scrapped. Remote sessions are the new norm.
Marketing budgets and non-billable resource spending? Reduced by 35%.
This move isn’t entirely surprising. Microsoft announced last week that it would lay off less than 1% of its workforce. And yet, their stock price has climbed 12% this year, largely due to investments in AI and cloud growth through Azure.
Let’s not forget—cost-cutting strategies can shift focus towards long-term growth.