Microsoft Is Planning to Lay Off 10,000 Workers, According to Several ReportsThe layoffs could affect as much as 5% of the workforce.
Microsoftcould be the latest tech giant to trim its workforce with majorlayoffs, according toseveral reports.
The company is planning to cut thousands of jobs,possibly up to 5%of its overall workforce, per theNew York Times. The company employs over 220,000 people.
The layoffs will reportedly begin quickly, and could affect the engineering division as soon as Wednesday, a source familiar with the matter toldBloomberg.
Microsoftis far from the first — and may not be the last — tech company to scale back on the workforce and pause hiring. As demand has slowed after the height of thepandemic, tech companies have begun reevaluating profit and priorities.
Amazon, which began letting go workers in its devices division, has also announced anew round of layoffson Wednesday. The layoffs will reportedly affect 18,000 jobs, the largest cut in the company's history.
As for Microsoft, the number of layoffs could not be confirmed, a source told Bloomberg, but that it would be far larger than the layoffs over the past year, which only impacted about 1% of its workforce.
