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Microsoft to cut thousands of jobs across all of its divisions – reports

Jan 17 (Reuters) – Microsoft Corp (MSFT.O) plans to cut thousands of jobs and some positions are expected to be cut in the human resources and engineering divisions, according to media reports on Tuesday.

The expected layoffs would be the latest in the US tech sector, where companies like Inc. (AMZN.O) and Meta Platforms Inc. (META.O) announced cutback exercises in response to slowing demand and deteriorating global economic prospects.

Microsoft’s move could signal that the tech sector may continue to cut jobs.

“From a global perspective, another round of pending layoffs at Microsoft suggests the environment isn’t improving and likely continues to deteriorate,” Morningstar analyst Dan Romanoff said.

UK broadcaster Sky News reportedciting sources, Microsoft plans to cut about 5% of its workforce, or about 11,000 positions.

The company plans to cut jobs in a number of engineering divisions on Wednesday, Bloomberg News reported, according to a person familiar with the matter, while Insider reported Microsoft could cut recruiting staff by a third.

The reductions will be significantly larger than other cycles in the past year, according to the Bloomberg report.

Microsoft declined to comment on the reports.

The company had 221,000 full-time employees, including 122,000 in the United States and 99,000 internationally, as of June 30, according to filings.

Microsoft is under pressure to maintain growth rates at its Azure cloud unit, after several quarters of a slow personal computer market that hurt Windows and device sales.

He said in July last year that a small number of roles had been cut. In October, the Axios news site reported that Microsoft had laid off fewer than 1,000 employees across multiple divisions.

Shares of Microsoft, which is due to report quarterly results on Jan. 24, were slightly higher late in the afternoon.

Reporting by Yuvraj Malik in Bengaluru; Editing by Maju Samuel and Sriraj Kalluvila

Our standards: The Thomson Reuters Trust Principles.

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