Microsoft to Lay Off , 10,000 Employees.<br />CNN reports that the tech giant made the announcement in a securities filing on Jan. 18.<br />CNN reports that the tech giant made the announcement in a securities filing on Jan. 18.<br />Prior to the announcement, Microsoft CEO <br />Satya Nadella spoke about the weakened <br />global economy at the World Economic Forum. .<br />No one can defy gravity and gravity here is inflation-adjusted economic growth, Satya Nadella, Microsoft CEO, via statement.<br />Nadella also wrote a memo to employees.<br />We’re living through times of significant change, and as I meet with customers and partners, <br />a few things are clear, Satya Nadella, Microsoft CEO, via memo to employees.<br />First, as we saw customers accelerate their digital spend during the pandemic, we’re now seeing them optimize their digital spend to do more with less, Satya Nadella, Microsoft CEO, via memo to employees.<br />Nadella said the layoffs, which account for less than 5% of Microsoft's total workforce, will be completed by the end of March.<br />“Severance costs, changes to our hardware portfolio and the cost of lease consolidation” will cost the company roughly $1.2 billion in the second quarter.<br />Amazon, Meta, Salesforce and others <br />have also made significant cuts to their <br />staff since the beginning of the year.<br />Amazon, Meta, Salesforce and others <br />have also made significant cuts to their <br />staff since the beginning of the year.<br />Amazon, Meta, Salesforce and others <br />have also made significant cuts to their <br />staff since the beginning of the year
