Microsoft Cuts 1,000 As Share Price Plunges With Rest Of Dow, NASDAQ

Screenshot 2022-10-19 8.05.59 AM

At a glance

  • Microsoft has laid off nearly 1,000 employees worldwide amid fears of a recession, becoming just the latest major tech company to do so.
  • The layoffs represent less than half of 1 percent of the company’s 221,000 employees globally.
  • The news comes as shares of the tech company fell nearly 30 percent over the past year amid persistent inflation and decreased demand for products as people return to their offices.

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