layoffs

Microsoft will lay off 10,000 employees as it cuts costs

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The rumors of massive layoffs at Microsoft were true. In a publicly posted memo from CEO Satya Nadella, the company says it plans to cut 10,000 jobs through its third fiscal quarter, which ends in March. The move is meant to “align [Microsoft’s] cost structure” with demand and revenue, according to Nadella — that is, … Read more

Microsoft could lay off as many as 11,000 employees this week

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Microsoft could announce wide-sweeping layoffs within the next few days. The possibility of the tech giant laying off a significant part of its workforce was first reported by Sky News and later corroborated by Bloomberg. Sky put the number of the cuts at approximately five percent of the company’s 220,000-person workforce or about 11,000 employees … Read more