Microsoft to lay off 10,000 employees before the end of 2023

17 days ago Technext

Microsoft has confirmed in a filing with the Securities and Exchange Commission (SEC) that it plans to lay off approximately 10,000 employees by the end of the third fiscal quarter of 2023. During the layoff season last year, Microsoft underwent a smaller round of layoffs, cutting down more than 1,000 employees from its workforce. Microsoft plans to provide and support them in their transition period. At the start of the year, Salesforce announced it would lay off approximately 10% of its employees, i.e. It is unclear what the rest of the year will hold for other tech companies but with the economy still in recession, more companies might succumb to this strategy sooner or later.
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