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Microsoft May Cut 10,000 Jobs This Week

Multiple sources including bloomberg When sky news (opens in new tab), confirms that Microsoft will announce far-reaching layoffs across “many engineering departments.” Microsoft currently employs more than 221,000 people worldwide, and the latest cuts could cut that number down by 5%. If true, unfortunately more than 10,000 workers will lose their jobs.

An official announcement of the layoffs could come as early as Wednesday. Jobs at Microsoft have exploded during the pandemic as more people work from home and rely on the company’s software products and cloud services. In September 2022, CEO Satya Nadella confirmed that the company has employed 50,000 people between his 2020 and 2022. Now that the global economy is slowing and the threat of a prolonged recession is real, Microsoft is focused on cutting costs.

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