Technology sector job cuts

Microsoft announced on Wednesday that it would lay off 10,000 employees, resulting in a headcount reduction of less than 5%, according to the report.CEO Satya Nadella added that AI advancements are enabling the “next major wave of computing” in a communication with employees that was posted on Microsoft’s website.

Nadella wrote, “A few things are clear as I meet with customers and partners. We’re living through times of significant change.”First, as customers increased their digital spending during the pandemic, they are now optimizing it to accomplish more with less.

Due to the fact that some regions of the world are currently experiencing a recession and others are anticipating one, businesses in every industry and region are also taking precautions.