Microsoft is set to lay off thousands of employees today, reports suggest. The layoffs would be the latest in the US technology sector, where companies including Amazon.com Inc and Meta Platforms Inc have announced retrenchment exercises in response to slowing demand and a worsening global economic outlook.
Microsoft is under pressure to maintain growth rates at its cloud unit Azure, after several quarters of the downturn in the personal computer market hurt Windows and devices sales, reported Reuters. The news agency reported citing sources that thousands of roles would be cut, with the software giant looking to reduce around 5 per cent of its workforce or about 11,000 roles.
— Reuters (@Reuters) January 18, 2023
The internet has reacted to Microsoft’s announcement about layoffs with memes, in an attempt to pull down stress. Check memes:
After seeing #layoffs is trending once again..
Corporate employees be like:_ pic.twitter.com/aXIkoobyWM
— Sanjana Mohan (@SanjanaMohan10) January 18, 2023
— Baa Familia (@BaaOfKyunki) January 18, 2023
I came in 10th – pattern changed
I came in 12th – JEE changed
I came in college – covid arrived
I went for jobs Layoffs hit
Am i the problem ?
— Vishal Verma (@IknowitsVishal) January 18, 2023 Chinese woman quit her job for THIS bizarre reason
— Navdeep⚡ (@dev_navdeep) January 16, 2023
— Harshit Verma (@harshit1verma) January 16, 2023
seeing a lot of layoff news these days makes me feel that this man wasn’t wrong.
— Abhishek Rawat (@_FranklyFinance) January 16, 2023 This Chinese woman works at cemetery as she finds the job ‘peaceful’