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Microsoft, Amazon Set to Erase 28,000 Jobs as Tech Slump Deepens

  • Nadella says Microsoft will hire in ‘key strategic areas’
  • Amazon kicks off round of 18,000 job cuts as spending slows
Bloomberg business news
Microsoft Plans to Cut 10,000 Jobs
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Microsoft Corp. and Inc., two of the world’s biggest companies, began cutting a total of 28,000 jobs on Wednesday in a post-pandemic reckoning that has left almost no tech name unscathed.

The software giant began notifying some of the 10,000 workers that will lose their jobs this quarter, while its Seattle-based neighbor and cloud rival Amazon started sending out emails to people in the US, Canada and Costa Rica who are among 18,000 people whose positions will be eliminated.