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.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Minor girl kidnapped and raped; main accused and two cafe owners held
Latur (PTI): A minor girl was allegedly kidnapped and raped by an 18-year-old man in Latur, leading to the arrest of the main accused and owners of two cafes where the crime occurred on December 4, police said on Saturday.
Police traced the girl within hours of registering the complaint. The accused, identified as Rihan Gulab Shaikh, was arrested based on the girl's complaint. Two others are owners of two cafes where the crime occurred, police said.
Police registered a case under various sections of the Bharatiya Nyay Sanhita (BNS), POCSO Act, and the Prevention of Atrocities Act, an official said.
