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Microsoft set to cut 11,000 jobs

Published

2 years ago

January 18, 2023

ticker NEWS

Microsoft is slashing 11,000 jobs due to slowing demand.

The company is planning to cut recruiting staff by one-third, and some teams within the organisation already have a hiring freeze.

The layoffs would be the latest in the U.S. tech sector, which has previously seen companies such as Amazon and Meta do the same.

The tech giant had 221,000 full-time employees as of June last year.

Microsoft has declined to comment on the matter.

Related Topics:Featured Microsoft trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Netflix expands use of ads despite slow subscriber growth

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Microsoft is slashing 11,000 jobs due to slowing demand.

Money

Warner Brothers & Discovery considers splitting up to boost stock value

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Money

Netflix expands use of ads despite slow subscriber growth

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

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