Microsoft reportedly joining other tech firms in announcing layoffs

Wedbush managing director Dan Ives discusses the FTC’s decision to block Microsoft’s purchase of Activision on ‘Varney & Co.’ Microsoft reportedly has plans to slash its headcount soon. Sky News reported Tuesday that Microsoft was working out plans to potentially do layoffs that would affect approximately 5% of its employees.OVER 25,000 GLOBAL TECH WORKERS LAID OFF SINCE START OF 2023 In its latest annual report, the tech company said its total full-time headcount at the end of June was 221,000. Of those, 122,000 were located in the US. Microsoft logo is seen in Los Angeles, Calif., Nov. 7, 2017. (Reuters/Lucy Nicholson / Reuters Photos) The company declined to comment to FOX Business. Ticker Security Last Change Change % MSFT MICROSOFT CORP. 240.35 +1.12 +0.47% Microsoft did some fewer layoffs in 2022, including some in October that reportedly impacted more than 1,000 workers and others in July that the company said affected a “small number.” The new Operating System Microsoft Windows 11 is available in France since October 5 , 2021 (Photo by Daniel Pier/NurPhoto via Getty Images) (Daniel Pier/NurPhoto / Getty Images)LENDINGCLUB SLASHING HEADCOUNT BY 225The potential cuts reported Tuesday come as multiple other companies have announced layoffs in the past several months. Meta Platforms, the corporate parent of Facebook, said in November its staff would be trimmed by over 11,000. About a week prior to that, ride-share company Lyft announced a 13% reduction, equivalent to roughly 683 employees. SALESFORCE TO LAYOFF 10% OF WORKFORCE TO CUT COSTS AMID ECONOMIC DOWNTURNMore recently, financial services firm LendingClub Corporation, software company Salesforce and online styling service StitchFix indicated they are doing job cuts.E-commerce giant Amazon is slated to start slashing its headcount by 18,000 on Wednesday.

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