Microsoft is reportedly laying off about 3% of its entire workforce.
Multiple outlets, including CNBC and The Verge, reported the news May 13. USA TODAY has reached out to Microsoft for comment.
According to Microsoft’s website, the company employs about 228,000 workers around the world, including 126,000 in the United States as of June 2024. The reported layoffs would leave more than 6,000 people without jobs.
The news marks the latest wave of tech company layoffs in recent years, including several rounds of cuts at Microsoft.
The tech giant cut 10,000 jobs in 2023, and roughly 1,900 people were axed from its Activision Blizzard and Xbox divisions in 2024.
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Other industry juggernauts, like Amazon, Meta and Alphabet, have also handed out layoffs in the last few years.
Many tech companies had massive hiring sprees at the beginning of the COVID-19 pandemic before reversing course in 2022 as inflation and interest rates spiked.
Several economists told USA TODAY earlier this year that the waves of layoffs across tech may be indicative that consumer habits have shifted since the start of the pandemic.
Contributing: Bailey Schulz, USA TODAY
This is a developing story.
Microsoft to lay off 3% of workforce, impacting thousands of workers: Reports – USA Today
