The job cuts will affect engineering, human resources, and other roles.
, Microsoft CEO Satya Nadella says the company will be “making changes that will result in the reduction of our overall workforce by 10,000 jobs through the end of FY23 Q3.”
Microsoft currently has more than 220,000 employees, and this latest round of layoffs affects around 5 percent of its workforce. These cuts are also significantly larger than the 1 percent cut Microsoft made to its workforce last year. Microsoft is due to announce its fiscal 2023 second quarter earnings next week, and the cuts may foreshadow a more difficult year for tech companies. Microsoft ended its 2022 fiscal year withand $83 billion in operating income — and with its Microsoft Cloud surpassing $100 billion in annualized revenue for the first time.
This round of cuts is one of Microsoft’s largest ever, topping the 5,800 reduction in 2009 and second to the . But that 2014 reduction was shortly after Nadella had been appointed CEO and involved axing around 12,500 former Nokia employees.
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