CEO Satya Nadella pointed to widespread fears of recession and a downturn in consumer demand, which have led to similar cutbacks by other tech giants.
widespread fears of recession and a downturn in consumer demand, which have led to similar cutbacks by other tech giants.“As we saw customers accelerate their digital spend during the [COVID-19] pandemic, we’re now seeing them optimize their digital spend to do more with less,” he wrote. “We’re also seeing organizations in every industry and geography exercise caution as some parts of the world are in a recession and other parts are anticipating one.
Nadella said the cuts will affect “less than 5 percent of our total employee base” at Microsoft. As of June 30, the company had a full-time workforce of around
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