Microsoft is planning to lay off thousands of employees on Wednesday in an escalation from the layoffs it announced earlier this year.
Microsoft is reportedly preparing to lay off thousands of employees as soon as tomorrow, as the company looks to restructure its business and streamline operations., the company is making the move in an effort to prepare for a “slowing global economy.” According to the report, the company could be cutting as much as five percent, or 11,000 jobs, from its workforce.
Back in October, Microsoft CEO Satya Nadella warned that something like this could happen, echoing the same kind of vocabulary as Apple CEO Tim Cook, saying that the company was looking to be “disciplined” with its costs.
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