Microsoft said it's letting go of 10,000 employees as the software maker braces for slower revenue growth.
"I'm confident that Microsoft will emerge from this stronger and more competitive," CEO Satya Nadella announced the move in aon Wednesday. The move will reduce Microsoft's headcount by less than 5%, and some employees will find out this week if they're losing their jobs, he wrote.
Employees in the U.S. who are eligible for benefits will receive severance that's above the market, health care and stock vesting for six months and 60 days' notice before their work ends, Nadella wrote."I think for us as a global company, we're not going to be immune from what's happening in the macro," he said in an
with CNBC-TV18. "We will have to also get our own sort of operational focus on making sure our expenses are in line with our revenue growth."2% revenue growth in the fiscal second quarter, which would be the slowest rate since 2016. Major layoffs aren't an annual exercise for 47-year-old Microsoft, but they do happen occasionally. In 2017 Microsoft
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