According to reports, Microsoft Corp. (MSFT.O) intends to slash thousands of jobs, with some positions in the engineering and human resources departments possibly being eliminated. The anticipated layoffs would be the most recent in the American technology sector, where firms like Meta Platforms Inc (META.O) and Amazon.com Inc. (AMZN.O) have announced retrenchment exercises in response to waning demand and a deteriorating outlook for the world economy.
The action by Microsoft might be a sign that job losses in the tech industry will persist. According to sources cited by U.K. broadcaster Sky News, Microsoft intends to eliminate 11,000 jobs, or about 5% of its workforce.
