Microsoft cutting 10,000 jobs through its third quarter

Microsoft is shedding roughly 5 % of its workforce.

CEO Satya Nadella confirmed the determine in a weblog submit printed lower than 24 hours after rumours of layoffs started to swirl.

Whereas the job cuts might be seen by way of the top of the corporate’s third quarter, some workers are being let go as early as right this moment.

Occasions have modified, Nadella wrote. The elevated digital spending recorded throughout the pandemic has lowered. The anticipated recession, which some nations are already going through, he says, represents a second purpose for the layoffs. The corporate will proceed hiring in “key strategic areas.” It’s additionally within the midst of trying to get its $69 billion acquisition of Activision Blizzard approved by world regulators.

“The subsequent main wave of computing is being born with advances in AI, as we’re turning the world’s most superior fashions into a brand new computing platform,” the weblog submit reads.

It’s unclear what number of Canadian workers might be impacted. The corporate had 5,000 full-time workers in Canada as of Could 2022.

The cuts align with measures a number of different tech firms have taken, including Meta. The corporate introduced plans to cut back its workforce by 13 % in November.

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Supply: Microsoft