Microsoft Announces Major Layoffs: 3% of Workforce Affected

Microsoft's 3% Layoff: Largest Since 2023 Microsoft announced Tuesday that it will lay off 3% of its global workforce, marking its largest job cut since early 2023. The cuts will impact all levels and departments across the company's global operations. "We continue to implement organizational changes necessary to best position the company for success in a dynamic marketplace," a Microsoft spokesperson said in a statement to CNBC. The layoff is expected to affect approximately 6,000 employees, based on Microsoft's last reported employee count. This follows a previous round of layoffs in early 2023, which resulted in 10,000 job losses. The announcement comes as Microsoft's stock price experienced a slight dip. CNBC's Steve Kovach noted the fractional decline in share prices, suggesting a market reaction to the news. While the reasons for the layoffs are not fully detailed, the company's statement points to the need for adaptation in a changing business environment. The layoffs highlight the challenges faced by large tech companies in navigating economic uncertainty and adjusting their workforce to meet evolving market demands.