Microsoft slashes 10,000 jobs, the latest in a wave of layoffs

Enlarge this image

Microsoft said it plans to cut 10,000 jobs, or about 5% of its workforce, in the first months of 2023. Michel Euler/AP

Michel Euler/AP

Microsoft plans to lay off 10,000 employees, as it seeks to cut costs amid growing concerns about a widespread economic downturn, the company announced on Wednesday.

Microsoft CEO Satya Nadella said the company is “seeing organizations in every industry and geography exercise caution as some parts of the world are in a recession and other parts are anticipating one,” in

→ Continue reading at NPR - Technology

More from author

Related posts

Advertisment

Latest posts

GM pauses sales of Chevy Blazer EV over software issues | CNN Business

New York CNN  —  GM has paused sales of its brand new Chevy Blazer EVs after some customers reported...

Crypto’s 2023 was marred by fraud and scandal. It was its best year ever | CNN Business

New York CNN  —  Crypto’s 14th year in existence was one marred by scandal, bankruptcy, fraud and regulatory squabbling....

The Tantalizing Mystery of the Solar System’s Hidden Oceans

The original version of this story appeared in Quanta Magazine.For most of humankind’s existence, Earth was the only known ocean-draped world, seemingly unlike any...