Reported about 15 hours ago
Microsoft is set to lay off 3% of its workforce, impacting thousands of employees globally, as reported by CNBC. Unlike previous layoffs that were performance-based, these cuts are aimed at streamlining management and come after the company had 228,000 employees as of June. This marks Microsoft's most significant layoffs since 10,000 roles were cut in 2023, despite the company having delivered better-than-expected financial results recently.
Source: YAHOO