Tech giant Microsoft is reportedly set to fire nearly 11,000 employees this week amid the global economic recession, Sky News reported.
According to the news, Satya Nadella-run company is “finalizing plans to become the latest technology giant to reduce its workforce during a global economic slowdown”.
The company is mulling to reduce roughly 5 per cent of its workforce, “which, if accurate, would come around 11,000 jobs”.
Microsoft employs more than 2,20,000 people, including 6,000 in the UK alone. The company will likely announce layoffs on Wednesday (US time), ahead of its quarterly earnings next week.
In recent weeks, a slew of large tech companies have laid off employees, with Amazon slashing 18,000 jobs.
The year 2023 has begun on a bad note for tech workers globally and 91 companies have laid off more than 24,000 tech employees in the first 15 days this month, signaling worse days ahead.
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