Firm says layoffs will result in a charge of $1.2bn in its second quarter
Photograph: Lucy Nicholson/ReutersPhotograph: Lucy Nicholson/ReutersMicrosoft has said it will cut 10,000 jobs by the end of March, in the latest sign that layoffs are accelerating in the US tech sector as companies brace for an economic downturn.
The layoffs will result in a charge of $1.2bn in the second quarter of its fiscal year, Microsoft said. It follows some reductions last year. Microsoft said last July that a small number of roles had been eliminated, and in October the news site Axios reported that the company had laid off fewer than 1,000 employees across several divisions.
Microsoft is grappling with a slump in the personal computer market after a pandemic boom fizzled out, leaving little demand for its Windows and accompanying software.
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