Microsoft to cut 10,000 jobs as global tech layoffs intensify ...Middle East

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Microsoft to cut 10,000 jobs as global tech layoffs intensify
Microsoft on Wednesday said it would cut 10,000 jobs — nearly 5% of its workforce — by the end of third quarter of fiscal 2023, becoming the latest global giant to fire employees en masse as companies brace for an economic downturn.The layoffs will result in a charge of $1.2 billion in the second quarter of fiscal 2023, representing a negative impact of 12 cents on per share profit, Microsoft said.

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