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Microsoft to reportedly cut 11K jobs, following Amazon and Meta
[NYPOST] Microsoft plans to cut thousands of jobs with some roles expected to be eliminated in human resources and engineering divisions, according to media reports on Tuesday.The expected layoffs would be the latest in the US technology sector, where companies including Amazon and Meta Platforms have announced retrenchment exercises in response to slowing demand and a worsening global economic outlook. Microsoft’s move could indicate that the tech sector may continue to shed jobs. "From a big picture perspective, another pending round of layoffs at Microsoft suggests the environment is not improving, and likely continues to worsen," Morningstar analyst Dan Romanoff said. UK broadcaster Sky News reported, citing sources, that Microsoft plans to cut about 5% of its workforce, or about 11,000 roles. Related: Microsoft: 2023-01-15 Congress blocks funding request for Microsoft headsets after testing concerns: report Microsoft: 2023-01-07 Russian hackers reportedly targeted US nuclear sites after Ukraine invasion Microsoft: 2022-12-27 Why You Need to Start Paying Attention to the 'Twitter Files' Related: Layoffs: 2022-12-27 ‘Agonizing': United Furniture owner quietly surfaces after firing 2,700 overnight Layoffs: 2022-12-26 A bad year for IT companies Layoffs: 2022-12-15 The Washington Post, which has lost 500k subscribers in the past year, has announced layoffs Posted by: Fred 2023-01-18 |
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