Microsoft, CEO Satya Nadella announced in a blog post that the company will be laying off about 5 percent of its workforce, amounting to 10,000 people. In a message posted to the company's website, Nadella informed the employees of the upcoming layoffs.
The CEO said that the layoffs, which are estimated to affect fewer than 5 percent of Microsoft's entire staff base is being implemented as the business seeks to "align [its] cost structure" with its revenue and areas where customer demand is high.
