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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UP: Misled by GPS navigation, car falls into river from partially constructed bridge, 3 dead
Bareilly (UP), Nov 24: Three people died when their car fell into the Ramganga river from a partially constructed bridge here on Sunday, police said, adding that they suspect the driver was misled by its navigation system into taking the unsafe route.
The accident occurred around 10 am on the Khalpur-Dataganj road when the victims were travelling from Bareilly to Dataganj in the Badaun district, they said.
"Earlier this year, floods had caused the front portion of the bridge to collapse into the river, but this change had not been updated in the system," Circle Officer Ashutosh Shivam said.
The driver was using a navigation system and did not realise that the bridge was unsafe, driving the car off the damaged section, the police said.
There were no safety barriers or warning signs on the approach to the damaged bridge, leading to the fatal accident, Shivam said.
Upon receiving information, police teams from Faridpur, Bareilly and Dataganj police station rushed to the spot. They recovered the vehicle and the bodies from the river, Shivam added.
The circle officer said that bodies had been sent for post-mortem. Further investigation into the matter is underway.
— Bareilly Police (@bareillypolice) November 24, 2024
