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Microsoft to lay off 10,000 employees: Satya Nadella

According to reports, Microsoft is losing considerably fewer jobs than it added during the COVID-19 pandemic, as it responds to a surge in demand for its workplace software and cloud computing services.

Microsoft to lay off 10,000 employees: Satya Nadella (Twitter/@satyanadella)

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.

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