Microsoft Corp. Announces Temporary Hiring Freeze in US Consulting Unit

In a bid to streamline operations and reduce expenses, Microsoft Corp. has decided to temporarily halt hiring within its US consulting division. This strategic move was disclosed through an internal memo on Tuesday, signaling the company's ongoing efforts to optimize its financial resources.

Additionally, the memo highlighted new cost-saving measures, advising employees to opt for virtual meetings over in-person gatherings, thereby minimizing travel expenses. This announcement follows closely on the heels of last week's revelation, where the tech behemoth announced a 1% reduction in its workforce, further underscoring its commitment to fiscal prudence.