Job cuts in tech sector spread, Microsoft lays off 10,000

Microsoft is cutting far fewer jobs than it had added during the Covid-19 pandemic as it responded to a boom in demand for its workplace software and cloud computing services with so many people working and studying from home. — Reuters

Microsoft is cutting 10,000 workers, almost 5% of its workforce, joining other tech companies that have scaled back their pandemic-era expansions.

The company said in a regulatory filing Wednesday that the layoffs were a response to "macroeconomic conditions and changing customer priorities.”