The latest US tech company to cut jobs or limit hiring amid a global economic slowdown.
Microsoft Corp laid off 1,000 employees from various divisions this week, Axios reported today, citing a source, making it the latest U.S. technology company to cut jobs or reduce hiring amid a global economic slowdown.
The layoffs affected less than 1 percent of the company’s total workforce, or about 221,000 employees, as of June 30.
The company announced in July that a small number of jobs were cut and that it would increase its workforce over time.
Microsoft did not immediately respond to a Reuters request for comment on the Axios report.
Many technology companies, including Meta Platforms Inc (formerly Facebook), Twitter Inc and Snap Inc have cut layoffs and cut hiring in recent months as global economic growth slows due to higher interest rates, rising inflation and the energy crisis in Europe.
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