Microsoft will lay off 9k employees, or less than 4% of the company
10 months ago
- #layoffs
- #Microsoft
- #earnings
- Microsoft plans to lay off 9,000 employees, affecting less than 4% of its global workforce.
- The company reported an 18% year-over-year increase in net income, totaling $25.8 billion in its latest quarterly earnings.
- This is part of multiple rounds of layoffs Microsoft has conducted this year.
- Microsoft cites reducing management layers as the reason, following similar moves by competitors like Amazon and Meta.