Microsoft Corp.'s stock fetched a rare bearish call Tuesday, as an analyst warned that the technology giant isn't as resilient as investors may think. Read More...
Reuters
UPDATE 2-Microsoft to cut thousands of jobs – Sky News
Microsoft Corp plans to cut about 5% of its workforce, or about 11,000 roles, U.K broadcaster Sky News reported on Tuesday, citing sources. The reported layoffs would be the latest in the U.S. technology sector, where companies including Amazon.com Inc and Meta Platforms Inc have announced retrenchment exercises in response to slowing demand. Microsoft could cut recruiting staff by as much as one-third even as many teams have initiated a hiring freeze, according to a separate report by Insider on Tuesday, which cited one person familiar with the plans.
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