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Microsoft plans to add 1,000 jobs in China despite economic slowdown in the coun...

 1 year ago
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Microsoft plans to add 1,000 jobs in China despite economic slowdown in the country

Microsoft plans to add 1,000 jobs in China despite economic slowdown in the country

September 26, 2022 6:10 pm

Microsoft said it would add 1,000 jobs in China next year despite China’s economic slowdown.

According to a statement published on Chinese social media platform Weibo on Tuesday, Microsoft will grow its workforce in China to more than 10,000 next year.

Roughly 80 per cent of Microsoft’s employees in China work in research and development, the company said. Microsoft said it will expand its employee sizes in Beijing, Shanghai and Suzhou in the next three to five years, while it celebrate its 30th anniversary in the Chinese market.

Microsoft’s aggressive hiring plan is a sharp contrast to a series of job cuts by Chinese large tech companies due to an economic slowdown and weakening consumer demand.

During the second quarter, Chinese social media and gaming giant Tencent Holdings cut nearly 5,500 jobs from its payroll. Meanwhile, smartphone maker Xiaomi downsized more than 900 jobs – nearly 3 per cent of its workforce.

It is not the first time that Microsoft showed his confidence in world’s second-largest economy by adding job there. In February, Microsoft announced its hiring plan for a new team that aims to help Chinese video game studios and game developer expand overseas through its Xbox.

The new team, which include business strategy managers based in Shanghai, aims to help local game partners release new content onto Microsoft gaming platforms such as Xbox, Windows PC, Game Pass and Cloud Gaming.

Microsoft’s expansion come as many Chinese gaming developers are shifting its focus to the overseas market for the next chapter of growth, as game companies struggle with the more challenging Chinese market amid increasing scrutiny of online games in China.

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