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HomeTechnologyMicrosoft to cut 10,000 jobs as wave of layoffs sweeps tech industry

Microsoft to cut 10,000 jobs as wave of layoffs sweeps tech industry

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Microsoft plans to lay off 10,000 employees, the company said Wednesday, as part of a restructuring plan to focus on areas of growth and brace the company for an economic downturn.

The tech giant is the latest corporation to cut workers amid economic uncertainty, coming off the spectacular highs of the early pandemic period, when Wall Street cheered on the staggering gains of Internet, software and communications companies. Amazon, Meta and Salesforce are among the tech companies that have announced cuts as worries of a recession intensify.

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James Thomas
James Thomashttps://businessadvise.org
Hello, I am James Thomas blogger and content creator who specializes in personal finance and investing at Business Advise. I have been writing for over 5 years and have built a large following of readers who value practical advice and actionable tips. I'm committed to helping people take control of their financial futures and achieve their goals.

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