03:36 PM EST, 01/14/2025 (MT Newswires) -- Microsoft ( MSFT ) will halt hiring in part of its US consulting business as the company looks for more ways to reduce costs, CNBC reported Tuesday, citing an internal company memo by consulting executive Derek Danois.

The division will also refrain from filling vacant roles, the reported said.

Employees have been directed to avoid travel for internal meetings and to prioritize remote sessions with approvals from executives for customer site visits, the report said.

The group will reduce marketing and non-billable external resource spending by 35%, the report said.

Microsoft ( MSFT ) didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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