The expected layoffs would be the latest in the US technology sector, where companies including Amazon and Meta have announced retrenchment exercises in response to slowing demand and a worsening global economic outlook.
The expected layoffs would be the latest in the United States technology sector, where companies including Amazon and Meta have announced retrenchment exercises in response to slowing demand and a worsening global economic outlook."From a big picture perspective, another pending round of layoffs at Microsoft suggests the environment is not improving, and likely continues to worsen," Morningstar analyst Dan Romanoff said.
The company plans to cut jobs in a number of engineering divisions on Wednesday, Bloomberg News reported, according to a person familiar with the matter, while Insider reported that Microsoft could cut recruiting staff by as much as one-third.Microsoft declined to comment on the reports. Microsoft is under pressure to maintain growth rates at its cloud unit Azure, after several quarters of downturn in the personal computer market hurt Windows and devices sales.
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