Microsoft is chopping 10,000 employees over the following eight months, the software program large stated in a securities submitting Wednesday.
The corporate stated it'll begin notifying employees as we speak. The cuts signify "lower than 5 p.c of our whole worker base," it stated.
Clients, after spending lavishly on digital providers through the pandemic, at the moment are pulling again "to do extra with much less," Microsoft stated.
The expertise trade shed essentially the most jobs of any sector final yr, eliminating almost 100,000 positions in 2022, in accordance with outplacement agency Challenger, Grey & Christmas.
This can be a creating story.