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Bobby Allyn

Microsoft slashes 10,000 jobs, the latest in a wave of layoffs

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Microsoft said it plans to cut 10,000 jobs, or about 5% of its workforce, in the first months of 2023. (Michel Euler/AP)

Microsoft plans to lay off 10,000 employees, as it seeks to cut costs amid growing concerns about a widespread economic downturn, the company announced on Wednesday.

Microsoft CEO Satya Nadella said the company is "seeing organizations in every industry and geography exercise caution as some parts of the world are in a recession and other parts are anticipating one," in a note to employees posted online and in a regulatory filing.

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