Microsoft Lays Off 10,000 Workers as Slowdown Hits Software Business

  • 📰 WSJ
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Breaking: Microsoft said it is laying off 10,000 employees, the latest tech titan to announce an additional round of cuts

As interest rates rise and companies tighten their belts, white-collar workers have taken the brunt of layoffs and job cuts, breaking with the usual pattern leading into a downturn. WSJ explains why many professionals are getting the pink slip first. Illustration: Adele Morgan, becoming the latest tech titan to announce an additional round of cuts amid concerns about the health of the global economy.

Chief Executive Satya Nadella said in a blog post to employees Wednesday that the layoffs would affect less than 5% of the company’s global workforce.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Replaced by AI?

👀👀👀👀

Maybe they can get a laid off coal miner to teach them to build a solar panel.

Great economy joe

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in BUSİNESS

Business Business Latest News, Business Business Headlines