According to a report, Microsoft is considering laying off five percent of its workforce. This would equate to some 11,000 jobs, the broadcaster’s “Sky News” reported Tuesday, citing people familiar with the matter.
The American software company, headquartered in Redmond, Washington, was initially unable to comment. The company plans to report its quarterly results on January 24.
Rising inflation and the impending recession are worrying the tech industry. After years of growth, companies such as online mail order company Amazon and Google parent company Alphabet are preparing for lean years and are cutting back on staff.
About a year ago, Microsoft announced it would buy Activision Blizzard, makers of video games like Call of Duty and Candy Crush, to take on rivals like Sony. This would make the group the third largest provider in this field.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
