Source: People’s Republic of China – State Council News
Microsoft said Wednesday that it will lay off about 9,100 employees, which will be the largest layoff since 2023.
According to local media reports, the move will affect less than 4 percent of its global workforce, which totals about 228,000 employees.
Microsoft has had several rounds of layoffs this year, including a nearly one-percent cut of employees in January, a layoff of over 6,000 in May and at least 300 more in June.
For the quarter ending March 31, Microsoft’s revenue was reported as 70.07 billion U.S. dollars, representing a 13-percent increase year-over-year, which exceeded analysts’ expectations. The company’s net income also surpassed estimates, reaching 25.82 billion dollars, or 3.46 dollars per share.