Microsoft cuts about 1,000 jobs – Axios

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The layoffs affected less than 1% of Microsoft’s total workforce of around 221,000 as of June 30.

The company had said in July that a small number of roles had been eliminated and that it would increase its headcount down the line.

Microsoft did not immediately respond to a Reuters’ request for comment on the Axios report.

Several technology companies, including Meta Platforms Inc, Twitter Inc (NYSE:TWTR) and Snap Inc (NYSE:SNAP) have cut jobs and scaled back hiring in recent months as global economic growth slows due to higher interest rates, rising inflation and an energy crisis in Europe.