Job cuts in tech sector spread, Microsoft lays off 10,000

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Job cuts in tech sector spread, Microsoft lays off 10,000
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Microsoft is cutting 10,000 workers, almost 5% of its workforce, in response to what it described as “macroeconomic conditions and changing customer priorities.”

FILE - The Microsoft logo is pictured outside the headquarters in Paris, Jan. 8, 2021. A group of video game testers is forming Microsoft's first labor union in the U.S. and the largest in the video game industry. Communications Workers of America said Tuesday, Jan. 3, 2023, that about 300 quality assurance workers at Microsoft video game subsidiary ZeniMax Studios have voted to join the union. that have scaled back their pandemic-era expansions.

Microsoft is cutting far fewer jobs than it had added during the COVID-19 pandemic as it responded to afor its workplace software and cloud computing services with so many people working and studying from home. The layoffs represent “less than 5 percent of our total employee base, with some notifications happening today,” CEO Satya Nadella said in an email to employees.

“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,” Nadella wrote.Amazon and business software maker Salesforce earlier this month announced major job cuts as they prune payrolls that rapidly expanded during the pandemic lockdown.

Facebook parent Meta is laying off 11,000 people, about 13% of its workforce. And Elon Musk, the new Twitter CEO, has slashed the company’s workforce.World Economic Forum’s annual meetingWhen asked by the forum’s founder Klaus Schwab on what tech layoffs meant for the industry’s business model, Nadella said companies that boomed during the COVID-19 pandemic are now seeing “normalization” of that demand.

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