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Microsoft on Wednesday said it would reduce its workforce by 5 per cent, or 10,000 employees, by the end of the third quarter of financial year 2022-23 (FY23) as the firm braces for an economic downturn. The company’s financial year runs from July to June.
The impact of the move on its Indian operations could not be ascertained. It has around 20,000 employees here across the sales and marketing, and research and development verticals.
Microsoft’s move follows similar announcements made by other tech giants like Meta and Amazon.
In an internal mail to employees, Microsoft’s Chairman and Chief Executive Officer Satya Nadella said,
