Microsoft is cutting 10,000 workers, almost 5 percent of its workforce, joining other tech companies that have scaled back their pandemic-era expansions. Know 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.
Microsoft is cutting far fewer jobs than it had added during the Covid-19 pandemic as it responded to a boom in demand for its workplace software and cloud computing services with so many people working and studying from home. The layoffs represent “less than 5 percent of our total employee base, with some notifications happening today,” CEO Satya Nadella said in an email to employees.
“We’re also seeing organizations in every industry and geography exercise caution as some parts of the world are in a recession and other parts are anticipating one,” Nadella wrote.Amazon and business software maker Salesforce earlier this month announced major job cuts as they prune payrolls that rapidly expanded during the pandemic lockdown.
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 work force. “Quite frankly, we in the tech industry will also have to get efficient, right?” Nadella said. “It’s not about everyone else doing more with less. We will have to do more with less. So we will have to show our own productivity gains with our own sort of technology.”
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