Microsoft To Cut Thousands Of Jobs; 5% Of Workforce

Microsoft founder Bill Gates speaking duirng the Hongqiao International Economic and Trade Forum in the China International Import Expo at the National Exhibition and Convention Centre on November 5, 2018 in Shanghai, China.

At a glance

  • Microsoft Corp. plans to cut thousands of jobs with some roles expected to be eliminated in human resources and engineering divisions, according to media reports Tuesday.
  • The expected layoffs would be the latest in the U.S. technology sector, where companies including Amazon.com Inc and Meta Platforms Inc have announced retrenchment exercises in response to slowing demand and a worsening global economic outlook.
  • Microsoft’s move could indicate that the tech sector may continue to shed jobs.

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