It indeed is not a good times for the tech world. Microsoft is also involved in mass retrenchment. According to the latest news, a large number of employees of this software giant are going to lose their jobs this year. Now the issue is Bill Gates’ company Microsoft too is on the way to reduce about 10 thousand employees.
According to reports published by Reuters, Microsoft’s engineering and HR departments will be most affected. The software giant has said that 10,000 workers will be laid off by the third quarter of this year.
Earlier last October, 1,000 workers lost their jobs. That is, about one percent of the total 2 lakh workers were affected. This year that number is increasing a lot.
To reduce costs, the first international companies like Amazon, Google, Twitter, Facebook have decided to reduce the number of employees. Recently social media platform ShareChat also announced the same. Now Microsoft has joined that list.