Microsoft has announced plans to lay off 10,000 employees as part of its efforts to cut costs amid concerns about a potential economic downturn. In a note to employees, CEO Satya
Nadella stated that the company is seeing organizations in every industry and geography exercise caution as some parts of the world are in a recession and others are anticipating one.
The layoffs, which represent around 5% of the company’s global workforce of 221,000, will begin on Wednesday and be completed by Spring. It is not yet clear which divisions will be affected.
Nadella also mentioned that Microsoft will continue to hire in strategic areas such as artificial intelligence. The move comes as other major tech companies have also been cutting jobs, citing a slowdown in the economy and an overzealous hiring during the pandemic.
