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Microsoft said it will cut 10,000 jobs by the end of March, in the latest sign of accelerating layoffs in the US technology sector as companies prepare for an economic recession.
Microsoft said the layoffs would result in a cost of $1.2 billion in the fiscal second quarter.
It comes after some cuts in the past year. Microsoft said last July that a small number of roles had been cut, and in October news site Axios reported that the company had laid off fewer than 1,000 employees across several departments.
Microsoft is grappling with a slump in the PC market after the pandemic boom has died down, leaving little demand for the Windows operating system and its companion software.
More details soon…
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