Microsoft to axe 10,000 jobs, nearly 5 per cent of global workforce
New York, Jan 18: Microsoft announced on Wednesday it is laying off 10,000 workers, almost five per cent of its total workforce, to align its cost structure with revenue and customer demand, the latest company to cut jobs after technology giants like Facebook and Amazon.
Microsoft's Indian-origin CEO Satya Nadella, in communication with employees, said the company will align its cost structure with revenue and customer demand.
"Today, we are making changes that will result in the reduction of our overall workforce by 10,000 jobs" through the end of the third quarter of fiscal year 2023.
"This represents less than 5 per cent of our total employee base. We know this is a challenging time for each person impacted," Nadella said.
The bloodbath in the tech sector that began last year is continuing into 2023 and Microsoft is the latest technology company to undertake massive layoffs.
Meta, the parent of Facebook, Instagram and WhatsApp laid off more than 11,000 workers or about 13 per cent of its workforce in November.
Amazon is laying off more than 18,000 employees as global economic uncertainty forces companies to trim costs and restructure operations.
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Congress names candidates for 8 Haryana LS seats, fields Kumari Selja, Deepender Hooda
Chandigarh (PTI): The Congress on Thursday announced candidates for eight of the nine Lok Sabha seats it is contesting in Haryana, fielding former Union minister Kumari Selja, Rajya Sabha MP Deepender Hooda and youth leader Divyanshu Budhiraja, besides two sitting MLAs.
The party has also fielded former MP Jai Prakash and leaders Satpal Brahmachari and Mahendra Pratap, according to the list released late Thursday evening.
The Congress is contesting nine of the 10 Lok Sabha seats in Haryana. It has not yet announced its candidate for the Gurugram constituency.
The Aam Aadmi Party, a constituent of the opposition INDIA bloc, will contest the Kurukshetra seat.
Congress general secretary and former Union minister Selja will contest from the Sirsa (reserved) seat and sitting MLAs Varun Choudhary and Rao Dan Singh from the Ambala (reserved) and the Bhiwani-Mahendragarh Lok Sabha seats, respectively.
Deepender Hooda, son of former chief minister Bhupinder Singh Hooda, will enter the fray from Rohtak. He has represented the Rohtak parliamentary constituency three times in the past.
Jai Prakash has been fielded from Hisar, the Congress' Haryana youth wing president Divanshu Budhiraja from Karnal, Satpal Brahmachari from Sonipat and Mahendra Pratap from Faridabad.
