Microsoft will lay off 10,000 employees by the end of 2023

The global recession is upon us and affects some of the world’s largest companies such as Meta, Microsoft, Twitter, Tesla, etc. The dire economic situation has forced many companies to lay off their employees. Following other companies, Microsoft Corp announced that it will lay off 10,000 employees by the end of the third quarter of fiscal year 2023. downturn.

Microsoft will lay off 10,000 employees by the end of 2023

In addition, the technology giant Microsoft stated that the layoffs and costs related to hardware portfolio and other changes will lead to savings of $1.2 billion in the second quarter of fiscal 2023.

In an internal memo published with Reuters, Satya Nadella, CEO of Microsoft, advised clients to “optimize their digital investment to achieve more with less” and “be careful as some regions of the world are in recession and others are anticipating to a recession”.

Microsoft announced in July last year that a modest number of positions had been cut, while Axios reported in October that the company had laid off fewer than 1,000 employees across multiple areas. However, things are on the grittier side. The company led by Satya Nadella is also facing a decline in the PC market after a global boom died down, leaving little demand for the Windows operating system and additional software.

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