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Microsoft is cutting 10,000 workers, nearly 5 percent of its workforce, in response to what it described as “macroeconomic conditions and changing customer priorities.”
The company said in a regulatory filing Wednesday that it has just notified employees of layoffs, some of which will begin immediately.
The company said it will also make changes to its hardware portfolio and consolidate leased office locations.
The layoffs represent “less than 5 percent of the total number of employees, with some news happening today,” CEO Satya Nadella said in an email to employees.
“While we eliminate roles in some areas, we will continue to hire in key strategic areas,” Nadella said. He emphasized the importance of building a “new computing platform” using advances in artificial intelligence.
He said customers who slowed their digital technology spending during the pandemic are now trying to “optimize digital spending to do more with less.”
“We also see organizations in every industry and geography taking precautions as some parts of the world are in recession and other parts are looking forward,” Nadella wrote.
Other tech companies have also cut jobs amid concerns about an economic slowdown.
Amazon and business software maker Salesforce earlier this month announced major job cuts as they cut wages that have grown rapidly during pandemic lockdowns.
Amazon said it would cut about 18,000 positions. It’s the largest set of layoffs in the Seattle company’s history, though it’s only a fraction of its 1.5 million global workforce.
Meta’s parent Facebook is laying off 11,000 people, about 13 percent of its workforce. And Elon Musk, Twitter’s new CEO, has already cut the company’s workforce.
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