Microsoft cutting 10,000 workers as tech layoffs mount

BREAKING NEWS: Microsoft cutting 10,000 workers as tech layoffs mount

Additionally, the tech giant will make "changes to our hardware portfolio, and lease consolidation to create higher density across our workspaces.

Collectively these actions will result in a charge of $1.2 billion in the second quarter of our 2023 fiscal year, representing a $0.12 negative impact to diluted earnings per share."Shares of Microsoft have fallen over 20% during the past 12 months.

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