Microsoft has officially confirmed layoffs. The tech company said it is cutting 10,000 jobs, which is almost around 5 per cent of its total workforce. The company is laying off thousands of employees as a result of "macroeconomic conditions and changing customer priorities."
Announcing the layoffs, CEO of Microsoft Satya Nadella wrote in an email to employees that "less than 5 percent of our total employee base, with some notifications happening today." In a regulatory filing on Wednesday, Microsoft informed that it has already notified employees about the layoffs. Before Microsoft, Big Tech companies like Amazon, Twitter, Meta and many others have laid off a large chunk of their workforce in the last few months.
Microsoft is cutting jobs with immediate effect. "While we are eliminating roles in some areas, we will continue to hire in key strategic areas," Nadella said in the same mail to employees. Nadella also emphasized the importance of building a "new computer platform" using advances in artificial intelligence. "We're also seeing organizations in every industry and geography exercise caution as some parts of the world are in a recession and other parts are anticipating one," he further wrote.
(With inputs from agencies)