Microsoft will lay off 9,000 employees, accounting for less than 4% of its global workforce. The company has experienced significant financial growth, with an 18% increase in net income year over year, reaching $25.8 billion. The cuts are part of ongoing layoffs in response to corporate restructuring. Microsoft aims to reduce management layers, inspired by similar strategies from competitor companies such as Amazon and Meta. This trend reflects broader adjustments within the tech industry amidst economic challenges.
Microsoft is laying off 9,000 employees, impacting less than 4% of its global workforce, as reported by CNBC. This follows several rounds of layoffs this year.
Despite the layoffs, Microsoft grew its net income by 18% year over year, totaling $25.8 billion in its latest quarterly earnings report.
These workforce reductions aim to streamline management layers, mimicking cost-cutting strategies implemented by competitors including Amazon and Meta.
The current layoffs at Microsoft are part of a broader trend in the tech industry as many companies reassess workforce needs amid economic pressures.
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