Microsoft to lay off nearly 11K employees this week: Report
Microsoft to lay off nearly 11K employees this week: Report
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Microsoft to lay off nearly 11K employees this week: Report
The internet has reacted to Microsoft's announcement about layoffs with memes, in an attempt to pull down stress.
Microsoft said that it will axe 10,000 employees, almost 5% of its workforce, by the end of third quarter of fiscal 2023 over poor economy.
This makes Microsoft join other tech giants which have announced job cuts in response to slowing demand and deteriorating economy.
The Microsoft chief, who was recently awarded the Padma Bhushan, spoke about transforming work culture and said that many employees are motivated to return to work to establish connections and rebuild teams.