Microsoft Corp intends to reduce thousands of employees, with some positions anticipated to be terminated in the human resources and engineering departments, according to media reports on Tuesday,
The projected layoffs would be the latest in the United States’ technology industry, where businesses such as Amazon.com Inc and Meta Platforms Inc have announced layoffs in response to slow demand and a deteriorating global economic outlook.
Microsoft’s decision may imply that the IT industry will continue to reduce employees.
According to more reports, Microsoft aims to reduce 5% of its staff, or around 11,000 jobs. T he corporation expects to reduce employees in a number of engineering departments on Wednesday, and might cut recruiting staff by up to one-third.
The layoff is anticipated to be much higher than previous waves in the last year.
According to records, the corporation had 221,000 full-time workers as of June 30, including 122,000 in the United States and 99,000 elsewhere.