Thousands of jobs to be axed at Microsoft

• Microsoft announced plans to eliminate approximately 9,000 jobs worldwide as part of its ongoing efforts to reduce costs.
• These redundancies affect less than 4 per cent of the company's total global workforce.
• The cuts are intended to implement organisational changes, remove layers of management, and increase agility and effectiveness.
• Microsoft's gaming business is among the areas where work will be ended or decreased.
• This marks the latest significant round of layoffs, following 10,000 cuts in early 2023, 6,000 in May, and 1,000 in January, reflecting a broader trend in the technology sector.

IN FULL

Microsoft to cut another 9,000 jobs in bid to slash costs