Microsoft plans to lay off 10,000 employees by the end of the third quarter as its revenue growth slows. CEO Satya Nadella said in a blog post on Wednesday that the cuts represent almost 5 percent of Microsoft's workforce. He said the layoffs are part of the company’s plan to align its “cost structure” with its revenue and where customer demand is. Nadella said customers accelerated their digital spending during the coronavirus pandemic but are now looking to optimize it to “do more with less.” He said the company will continue to hire in some key strategic areas despite the layoffs. “We know this is a challenging time for each person impacted,” he said. "The senior leadership
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