Microsoft to lay off 10,000 workers
Microsoft has announced that it will lay off around 10,000 of its employees, less than 5% of its total workforce. The software giant (parent company to LinkedIn) will begin the redundancies Wednesday, as it faces customers who want to do "more with less" amid an uncertain global economy. Microsoft, which joins the likes of Amazon, Meta and Alphabet in announcing recent layoffs, will take on a $1.2 billion charge related to restructuring costs. The company says it will continue to hire and invest in strategic areas and called out its focus on artificial intelligence.
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