By Emily BaryThe job cuts represent less than 5% of Microsoft's total employee base, CEO saysMicrosoft Corp. confirmed plans to lay off about 10,000 workers Wednesday amid a continued wave of job cuts in the technology sector. Chief Executive Satya Nadella shared news of the planned layoffs with employees in a note that was also posted to the company's corporate blog. The layoffs were largely anticipated, with reports from Sky News and Bloomberg News on Tuesday indicating that Microsoft was preparing to make cuts. Nadella noted in his communications that Microsoft is "eliminating roles in some areas" but will "continue to hire in key strategic areas." Meta Platforms Inc. (META), Amazon.com Inc. (AMZN) and Intel Corp. (INTC) are among the large technology players that have announced layoffs in recent months.
Continue reading...