Microsoft to lay off about 3% of workforce

Microsoft says it is laying off nearly of its entire workforce The tech giant didn t disclose the total amount of lost jobs but it will amount to about people Microsoft employed full-time workers as of last June the last time it released its annual headcount About of those workers were in the U S Microsoft announced the layoffs will be across all levels and geographies but will focus on reducing management levels Notices went out on Tuesday Microsoft communicated a smaller round of performance-based layoffs in January But the cuts will be Microsoft s biggest revealed layoffs since early when the company cut workers almost of its workforce joining other tech companies that were scaling back their pandemic-era expansions The latest layoffs come just weeks after Microsoft shared strong sales and profits that beat Wall Street expectations for the January-March quarter which investors took as a dose of relief during a turbulent time for the tech sector and U S economic system Source