Excerpt
Microsoft Set to Cut Thousands of Jobs This Week
Wed 18, 2023
Employees from across the tech giant’s global operations are likely to be affected, with around 5% of staff — 11,000 workers — facing the chopping block.
Chairman and CEO Satya Nadella is slated to address investors next week, heightening expectations that the cuts are imminent.
It would be another in a series of heavy blows to the tech sector following layoffs at Twitter, Salesforce and Amazon, among others.
Microsoft previously warned of a slowdown in cloud computing as corporate clients weather economic headwinds. Still, under Nadella, Microsoft has its eye on growth including a takeover bid of game giant Activision Blizzard.
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