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fliptop [soylentnews.org] writes:

Microsoft’s latest job cuts are expected to be significantly larger than the 1 percent in 2022 [theverge.com]:

Microsoft is preparing to announce job cuts tomorrow. Sky News reports [sky.com] that thousands of roles will be cut, with the software giant said to be looking at cutting around 5 percent of its workforce. With more than 220,000 employees at Microsoft, that could mean more than 10,000 layoffs.

While Sky News doesn’t name an exact date for the expected cuts, a source familiar with Microsoft’s plans tells The Verge that the company will likely announce layoffs on Wednesday, ahead of its quarterly earnings next week.

[...] Microsoft is the latest big tech company to face a challenging economy, and the job cuts will come just days after Microsoft implemented a new unlimited time off policy [theverge.com]. Microsoft employees that have an unused vacation balance will get a one-time payout in April, and managers will be able to approve unlimited “Discretionary Time Off.”

Also at Reuters [reuters.com], Yahoo! News [yahoo.com] and Bloomberg [bloomberg.com].

Related:

• Google Employees Brace for a Cost-Cutting Drive as Anxiety Mounts [soylentnews.org]
• Amazon Will Reportedly Lay Off 10,000 Employees [soylentnews.org]

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