Microsoft to cut 10,000 jobs as global growth slows

Microsoft said on Wednesday that it would cut 10,000 jobs worldwide amid a slowdown in the global economy.

In a blog post, Microsoft CEO Satya Nadella said the company is looking to bring its cost structure in line with projected earnings and where consumer demand remains highest.

“As we have seen customers increase their digital spending during the pandemic, we are now seeing them streamline their digital spending to do more with less,” he wrote. “We are also seeing organizations across all industries and regions appear cautious as some parts of the world are in recession and others are anticipating it.”

The cuts affect less than 5% of the software giant’s total workforce, he said.

A man walks past the Microsoft headquarters in Redmond.
A man walks past the Microsoft headquarters in Redmond, Washington. November 14, 2019Wang Ying/Xinhua via Getty Images File

The announcement is the latest in a wave of white-collar job losses that has hit as inflation, higher interest rates and lower growth have weighed on spending around the world. Earlier Wednesday, the Commerce Department reported that US retail sales fell 1.1% in December, more than analysts had expected.

Microsoft joins the likes of Google parent Alphabet, Amazon, Facebook and Salesforce among tech giants that have announced job cuts in recent months.

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