Microsoft, on Wednesday, announced that it would sack 10,000 employees — almost five per cent of its total workforce — in the days to come amid concerns over a global economic downturn. The job cuts were “in response to macroeconomic conditions and changing customer priorities,” the maker of the Windows operating system said in a US regulatory filing.
Microsoft is the latest to cut jobs after Facebook and Amazon as the bloodbath in the tech sector, which began last year, continues into 2023.
In a communique with employees, Microsoft’s Indian-origin CEO Satya Nadella said the company will align its cost structure with revenue and customer demand.
“Today, we are making changes that will result in the reduction of our overall workforce by 10,000 jobs” through the end of the third quarter of the fiscal year 2023. “This represents less than 5 per cent of our total employee base. We know this is a challenging time for each person impacted,” Nadella’s mail read.