Software company Microsoft plans to cut thousands of jobs with some roles expected to be eliminated in human resources and engineering divisions.
The expected layoffs would be the latest in the US technology sector, where companies including Amazon and Meta Platforms have announced retrenchment exercises in response to slowing demand and a worsening global economic outlook.
Microsoft’s move could indicate that the tech sector may continue to shed jobs.
UK broadcaster Sky News reported, citing sources, that Microsoft plans to cut about 5% of its workforce, or about 11,000 roles.
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 an insider reported that Microsoft could cut recruiting staff by as much as one-third.
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 at this point to maintain growth rates at its cloud unit Azure, after several quarters of downturn in the personal computer market hurt Windows and devices sales.
Writing by Tersoo Nicholas