Microsoft to cut 10,000 jobs, nearly 5% of global workforce

Microsoft announced on Wednesday that it is going to let go 10,000 workers, making it almost 5% of its total workforce, to align its cost structure with revenue and customer demand.

With this, Microsoft has become the latest company to cut jobs after technology giants like Facebook and Amazon.

Microsoft's Indian-origin CEO Satya Nadella, in a communication with employees, 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 fiscal year 2023.

“This represents less than 5% of our total employee base. We know this is a challenging time for each person impacted,” Nadella said.

The bloodbath in the tech sector that began last year is continuing into 2023 and Microsoft is the latest technology company to undertake massive layoffs.

Meta, the parent of Facebook, Instagram and WhatsApp laid off more than 11,000 workers or about 13% of its workforce in November.

Amazon is laying off more than 18,000 employees as global economic uncertainty forces companies to trim costs and restructure operations.

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