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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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