Microsoft to axe thousands of jobs in latest cull by tech giant

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Microsoft to axe thousands of jobs in latest cull by tech giant
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Microsoft is finalising plans to become the latest technology giant to reduce its workforce during a global economic slowdown, Sky News learns

In recent weeks, a slew of large tech companies have wielded the axe, with Amazon disclosing plans this month to cut 18,000 jobs, or about 6% of its workforce.

Microsoft warned in October of a slowdown in its cloud computing business, an acknowledgement that major corporate customers were re-evaluating spending in response to economic challenges. "In this environment, we're focused on helping our customers do more with less, while investing in secular growth areas and managing our cost structure in a disciplined way."

It is also fighting a battle with regulators to secure approval for a £56bn takeover of Activision Blizzard, the maker of Call Of Duty.

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