33.8 C
Delhi
Saturday, July 19, 2025

Microsoft to fire approximately 11,000 workers amid slowing world economy – Reports

Date:

Share post:

Donate-GC-Razorpay

Washington: US tech giant Microsoft is set to fire approximately 11,000 workers to address the impacts of a slowing world economy, Sky News reported.

The move represents a roughly 5% downsize of Microsoft’s workforce, although one analyst suggests that the figure could be higher, the report said on Tuesday.

The $1.78 trillion company, which employs more than 220,000 people worldwide, is set to release a second-quarter earnings report next week, the report said. Microsoft chief Satya Nadella could announce the staff reductions ahead of the update to financial investors on January 24, the report said.

Technology companies such as Microsoft and Amazon have had to respond to a global economic slowdown after hiring thousands of new employees during the COVID-19 pandemic, the report said.

In October, Microsoft warned of a slowdown in its cloud computing business, into which the company has invested considerable resources expecting growth, the report added.

Microsoft reportedly declined to comment on the matter, characterizing it as rumor and speculation.

Related articles

Indian Army to Organize North Kashmir Education Festival 2025 in Sopore

The Indian Army is to organize the North Kashmir Education Festival 2025, called ‘Taleem Se Tarakki’, at the...

Missiles in the Monsoon: India Tests Its Arsenal, But Who Should Fear?

A Thunderclap Over the BayIt was a humid monsoon morning at Chandipur, Odisha. A lone myna bird...

Bangladesh on the Brink: A Nation Struggles with Its Past, Present, and Future

A Land Stirred by Memory and MovementIn the heartland of Gopalganj, where the scent of jute fields...

Creating history, Indian astro and three other AX 4 ISS mission crew set for splashdown

Chennai: As the entire world is waiting with bated breadth, the four member crew of Axiom Mission AX-4...