According to a media report, Microsoft is considering laying off five percent of its workforce. This would correspond to about 11,000 jobs, the broadcaster reported Sky News on Tuesday, citing people familiar with the matter. Initially, no statement was available from the US software company. The company plans to present its quarterly figures on January 24th. Rising inflation and the looming recession are troubling the tech industry. After years of growth, companies like online retailer Amazon and Google’s parent company Alphabet are preparing for lean years and are cutting back on staff.
Microsoft – Apparently job cuts planned – Economy
