Microsoft plans to lay off 10,000 employees, the company said Wednesday, as part of a restructuring plan to focus on areas of growth and brace the company for an economic downturn.
The tech giant is the latest corporation to cut workers amid economic uncertainty, coming off the spectacular highs of the early pandemic period, when Wall Street cheered on the staggering gains of Internet, software and and communications companies. Amazon, Meta and Salesforce are among the tech companies that have announced cuts as worries of a recession intensify.
The layoffs at Microsoft amount to less than 5 percent of its workforce. Some of the impacted workers will be notified as soon as Wednesday, the company said.
“These are the kinds of hard choices we have made throughout our 47-year history to remain a consequential company in this industry that is unforgiving to anyone who doesn’t adapt to platform shifts,” said Microsoft chief executive Satya Nadella in a note to staff that was published on the company’s blog.