labour market
Microsoft plans to cut 10,000 jobs
The Microsoft logo hangs on the facade of an office building in Munich: Microsoft wants to cut jobs. photo
© Peter Kneffel/dpa
The software giant plans to lay off around five percent of its workforce. The reason is difficult market conditions.
Software giant Microsoft has announced another major job cut in the tech industry. In view of the difficult market conditions, the group plans to lay off around 10,000 employees by the end of the third quarter of 2022/23, according to its own statements on Wednesday. That’s about five percent of the workforce.
For these and other measures, expenses of 1.2 billion US dollars (1.1 billion euros) were incurred in the second quarter, as it was further said. Microsoft shares started Wednesday trading with modest gains.