The tech giant is reportedly planning to lay off as many as 11,000 employees.
Microsoft is reportedly preparing to cut thousands of jobs, with a significant number of the cuts taking place in the human resources and engineering divisions.
As reported by Sky News, the company is considering cutting around 5% of its workforce, which, according to the broadcaster, would amount to approximately 11,000 jobs.
The news of significant reductions was also corroborated by Bloomberg which stated that the layoffs will likely affect "a number of engineering divisions" and be larger than previous rounds of job cuts. However, the news agency couldn't provide the exact scale of possible layoffs.
In recent months, other big technology companies such as Amazon and Meta announced large-scale layoffs in response to the deteriorating global economic outlook and the potential for a downturn in demand for software and services. The Facebook owner cut 11,000 jobs last year and Amazon plans to cut 18,000 positions through its extensive layoffs.
Microsoft has so far taken a more measured approach to deal with a worsening global economic situation. Most recently, the company reportedly halted hiring and eliminated open positions in various divisions. It also reduced its workforce through cuts in October and July, although, at that time, it was reported that less than 1,000 people and less than 1% of staff, respectively, were affected.
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