Microsoft\n \n could announce thousands of job cuts on Wednesday, according to multiple news reports, potentially becoming the latest tech company to cull its workforce as the global economy slows. Sky News, without naming sources, reported the layoffs would affect roughly 5% of the company’s workforce. Microsoft employs 221,000 people around the world, including 122,000 in the United States.
Amazon\n \n announced that it plans to lay off 18,000 people and Salesforce said it is cutting 10% of its staff. Facebook\n \n parent Meta also recently announced 11,000 job cuts, the largest in the company’s history. In October, Axios reported that Microsoft had laid off under 1,000 employees across several divisions.
We were told unemployment needs to go up to slow inflation. Now that is bad news. Christmas is over and unemployment goes up who knew.
But our economy is booming…
Will some investigative journalists categorize the layoffs and release the data? How many Americans and how many foreigners holding workpermits are being laidoff ? Go deep and show us a clear picture CNN
I'm not surprised.
Time for $MSFT to go back to core engineering values.
*Will
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