Microsoft Is Planning to Lay Off 10,000 Workers, According to Several Reports The layoffs could affect as much as 5% of the workforce.
Opinions expressed by Entrepreneur contributors are their own.
The layoffs will reportedly begin quickly, and could affect the engineering division as soon as Wednesday, a source familiar with the matter told Bloomberg.
Microsoft is far from the first — and may not be the last — tech company to scale back on the workforce and pause hiring. As demand has slowed after the height of the pandemic, tech companies have begun reevaluating profit and priorities.
Amazon, which began letting go workers in its devices division, has also announced a new round of layoffs on Wednesday. The layoffs will reportedly affect 18,000 jobs, the largest cut in the company's history.
As for Microsoft, the number of layoffs could not be confirmed, a source told Bloomberg, but that it would be far larger than the layoffs over the past year, which only impacted about 1% of its workforce.