Microsoft lays off 10,000 workers
Microsoft is cutting 10,000 workers, almost 5% of its workforce, in response to what it described as “macroeconomic conditions and changing customer priorities,” according to a report from the Associated Press.
A regulatory filing issued Wednesday noted that some of the layoffs will begin immediately, and the company will also be making changes to its hardware portfolio and consolidating its leased office locations.
The layoffs represent less than 5% percent of Microsoft’s total employee base, according to CEO Satya Nadella.
Microsoft joins a slew of other tech companies that have made recent workforce cuts.
Earlier this month, Amazon and business software maker Salesforce announced major job cuts. Amazon is cutting about 18,000 positions.
Facebook parent Meta is also laying off 11,000 people, about 13% of its workforce. And since Elon Musk took over as Twitter CEO, he has slashed the company’s workforce.