American multinational technology company, Microsoft has announced plans to lay off about 10,000 of its workforce.
This is as it responds to “macroeconomic conditions and changing customer priorities.”
The cut represents 5 percent of the company’s total workforce.
In a statement on the firm’s website on Wednesday, Satya Nadella, chief executive officer (CEO), Microsoft, said the company seeks to strive to deliver results on an ongoing basis, while investing in long-term opportunities.
He said this would require the company to take “actions grounded in three priorities”.
The CEO added that in the process of taking these actions, 10,000 workforces would be affected all through till the end of the year.
“We will align our cost structure with our revenue and where we see customer demand. Today, we are making changes that will result in the reduction of our overall workforce by 10,000 jobs through the end of the year (FY23) third quarter (Q3),” Nadella said.
“This represents less than 5 percent of our total employee base, with some notifications happening today. It’s important to note that while we are eliminating roles in some areas, we will continue to hire in key strategic areas”, the statement read in parts.
