Microsoft To Lay Off 10,000 Workers Worldwide Amid Economic Slowdown

Microsoft plans to lay off thousands of employees to reduce costs as the global economy slows, the company said Wednesday.

The cuts will affect 10,000 people worldwide. In a blog post announcing the layoffs, Microsoft CEO Satya Nadella pointed to widespread fears of recession and a downturn in consumer demand, which have led to similar cutbacks by other tech giants.

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