Microsoft is cutting 10,000 workers, almost 5 percent of its workforce, joining other tech companies that have scaled back their pandemic-era expansions. Read more:
Microsoft is cutting 10,000 workers, almost 5 percent of its workforce, joining other tech companies that have scaled back their pandemic-era expansions.The company said in a regulatory filing Wednesday that the layoffs were a response to 'macroeconomic conditions and changing customer priorities.'The Redmond, Washington-based software giant said it will also be making changes to its hardware portfolio and consolidating its leased office locations.
Also Wednesday, the UK-based cybersecurity firm Sophos confirmed it had laid off 10 percent of its global workforce — 450 employees — on Tuesday. Sophos, known for threat intelligence and detection, was acquired in 2020 by the private equity firm Thoma Bravo for $3.9 billion.Facebook parent Meta is laying off 11,000 people, about 13 percent of its workforce. And Elon Musk, the new Twitter CEO, has slashed the company's workforce.
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