Microsoft also has to admit its defeat in the face of the global recession. However, not to the same extent as Intel.
Fewer than 1,000 people will be laid off; image: Windows Central
Many large companies, such as Meta or Salesforce, have stopped hiring employees as sales have dropped. Netflix and Intel go one step further: they do lay off workers. Now Microsoft is following suit.
However, the job cuts affect less than 1% of the total workforce - or fewer than 1,000 employees, according to a Microsoft spokesperson. The reason is that the company had a slowdown in revenue growth - as low as 5 years ago - in the last quarter. On October 25, Microsoft does then publish the current figures.
