The announcement comes amid a broader trend of big businesses eliminating jobs.
Microsoft chairman and CEO Satya Nadella said in a message to employees that the company will be cutting 10,000 jobs.
"Today, we are making changes that will result in the reduction of our overall workforce by 10,000 jobs through the end of FY23 Q3," Nadella noted in the message on Wednesday. "This represents less than 5 percent of our total employee base, with some notifications happening today. It's important to note that while we are eliminating roles in some areas, we will continue to hire in key strategic areas."
Amazon is also cutting jobs.
"In November, we communicated the hard decision to eliminate a number of positions across our Devices and Books businesses, and also announced a voluntary reduction offer for some employees in our People, Experience, and Technology (PXT) organization. I also shared that we weren’t done with our annual planning process and that I expected there would be more role reductions in early 2023," Amazon CEO Andy Jassy noted in a January 4 message to employees. "Between the reductions we made in November and the ones we're sharing today, we plan to eliminate just over 18,000 roles. Several teams are impacted; however, the majority of role eliminations are in our Amazon Stores and PXT organizations."
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