About 10,000 jobs are being axed at Microsoft as the company becomes the latest US tech firm to announce staff cuts in the face of an economic downturn.
Microsoft says it will cut 10,000 jobs
Microsoft Corp says it will eliminate 10,000 jobs and take a $US1.2-billion ($A1.7 billion) charge as its cloud-computing customers dissect their spending and the company braces for potential recession.
The lay-off, far larger than cuts by Microsoft last year, pile on to tens of thousands of job cuts across the technology sector that is long past its ceaseless growth during the pandemic.
The news is particularly dramatic for Microsoft, a software maker heavily invested in generative artificial intelligence that represents an industry bright spot.
In a note to employees, Chief Executive Satya Nadella said the lay-offs, affecting less than 5.0 per cent of the workforce, would conclude by the end of March, with notifications beginning on Wednesday.