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Microsoft continues layoff, cuts about 1,000 jobs

Washington: Microsoft Corp laid off below 1,000 staff throughout a number of divisions this week, Axios reported on Tuesday, citing a supply, making it the most recent US know-how firm to chop jobs or sluggish hiring amid a world financial slowdown.

MICROSOFT IMAGE CREDIT : AP

The layoffs affected lower than 1% of Microsoft’s whole workforce of round 221,000 as of June 30.

The corporate had stated in July {that a} small variety of roles had been eradicated and that it could improve its headcount down the road.

Microsoft didn’t instantly reply to a Reuters‘ request for touch upon the Axios report.

A number of know-how firms, together with Meta Platforms, Twitter and Snap have reduce jobs and scaled again hiring in latest months as world financial progress slows attributable to larger rates of interest, rising inflation and an power disaster in Europe

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