Before jumping into today’s Data Sheet, I wanted to highlight news that Microsoft announced plans to cut 10,000 jobs, or roughly 5% of its workforce, joining the ever-growing list of tech giants right-sizing their headcount.
At this point, there’s not much new to say: Companies over-hired in the throes of the pandemic, they now want to cut costs in the face of an uncertain economy, and the whole thing stinks for everyone involved. Let’s just hope we’re nearing the end of the worst of it.
