Another tech giant gets ready for more layoffs; this time, Microsoft confirms that it is cutting 5% of its workforce or about 10,000 jobs.
FILE - This July 3, 2014, file photo, shows the Microsoft Corp. logo outside the Microsoft Visitor Center in Redmond, Wash. Microsoft is cutting 10,000 workers, almost 5% of its workforce, in response to"macroeconomic conditions and changing customer priorities."The company said in a regulatory filing Wednesday, Jan. 18, 2023 that had just notified employees of the layoffs, some of which begin immediately.
Microsoft did not say which jobs are being cut but that the company is still hiring in “key strategic areas,” including building a “new computer platform” using artificial intelligence. Microsoft is not the only tech company laying off employees, with Amazon also starting its largest round of layoffs yet.
While the newest round of cuts represents only about 1% of the total workforce, which includes hundreds of thousands of hourly warehouse and delivery personnel, they amount to about 6% of Amazon’s 350,000 corporate employees around the globe.
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