Another tech giant gets ready for more layoffs; this time, Microsoft confirms that it is cutting 5% of its workforce or about 10,000 jobs.
In an official blog, Microsoft CEO Satya Nadella shared with employees that the company was responding to “macroeconomic conditions and changing customer priorities” and would begin laying off some employees immediately.
Tech layoffs aren’t ‘going to get better quickly,’ analysts say
The company said it would also make changes to its hardware portfolio and consolidate its leased office locations.
Microsoft did not say which jobs are being cut but that the company is still hiring in “key strategic areas,” including building a “new computer platform”
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