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2023-01-18 Economy
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Microsoft to reportedly cut 11K jobs, following Amazon and Meta
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[NYPOST] Microsoft plans to cut thousands of jobs with some roles expected to be eliminated in human resources and engineering divisions, according to media reports on Tuesday.
The expected layoffs would be the latest in the US technology sector, where companies including Amazon and Meta Platforms have announced retrenchment exercises in response to slowing demand and a worsening global economic outlook.
Microsoft’s move could indicate that the tech sector may continue to shed jobs.
"From a big picture perspective, another pending round of layoffs at Microsoft suggests the environment is not improving, and likely continues to worsen," Morningstar analyst Dan Romanoff said.
UK broadcaster Sky News reported, citing sources, that Microsoft plans to cut about 5% of its workforce, or about 11,000 roles. 
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Posted by Fred 2023-01-18 00:00||
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Posted by MikeKozlowski 2023-01-18 06:55||
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Posted by Rambler in Virginia 2023-01-18 09:07||
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Posted by Super Hose 2023-01-18 09:08||
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Posted by Skidmark 2023-01-18 09:54||
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