Microsoft To Cut Thousands Of Jobs; 5% Of Workforce

  • Microsoft Corp. plans to cut thousands of jobs with some roles expected to be eliminated in human resources and engineering divisions, according to media reports Tuesday.
  • The expected layoffs would be the latest in the U.S. technology sector, where companies including Inc and Meta Platforms Inc have announced retrenchment exercises in response to slowing demand and a worsening global economic outlook.
  • Microsoft’s move could indicate that the tech sector may continue to shed jobs.