Microsoft plans to cut 10,000 jobs due to economic conditions and shifting customer priorities.

Microsoft plans to cut 10,000 jobs, or 5% of its workforce, due to economic conditions and shifting customer priorities. This follows job cuts by Amazon, Salesforce, and Meta. Surprisingly, tech companies have cut 132,000 jobs in the first eight months of 2024, with hardware companies like Cisco and Intel cutting 21,000 jobs each, and the industry projected to surpass 2022 job cuts but not reach the 2023 numbers.

August 19, 2024
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