Microsoft to cut 10,000 jobs as spending slows

Microsoft will cut 10,000 jobs in the latest round of staff redundancies to hit the tech industry. Microsoft chief executive Satya Nadella said that while customer spending had grown during Covid, more were now choosing to "Exercise caution". He said the firm would continue to hire in key areas. Hundreds of tech firms, including some of the sector's biggest names like Amazon and Instagram-owner Meta, have revealed layoffs in recent weeks. Like other tech companies, Microsoft's business boomed during the pandemic, fuelled by the increase in remote work and other online activity.

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