Microsoft plans to cut 10,000 jobs in some of the deepest cuts in the tech industry so far

Microsoft Corp said it would cut 10,000 jobs and take a $1.2 billion charge as the software company realigns its operations to grapple with a slump in demand for its products.<br><br>The cuts will account for less than 5% of Microsoft's workforce.<br><br>However, the charge will result in a negative impact of 12 cents on earnings per share for the quarter ending this month.<br><br>The software company said the layoffs would result in costs of $1.2 billion in the company's second fiscal quarter.<br><br>The company is shifting its focus toward AI, which it sees as a key driver for future growth.<br><br>Microsoft is set to report second-quarter results on Jan. 24.<br><br>Chief executive Satya Nadella warned of two years of challenges in an interview with Reuters, saying the company needed to become more efficient.<br><br>The cuts will account for less than 5% of Microsoft's workforce.<br><br>The charge will result in a negative impact of 12 cents on earnings per share for the quarter ending this month.<br><br>Tech companies including Amazon, Meta, and Google have been making job cuts in recent weeks.<br><br>Amazon is laying off 18,000 workers as part of a broad corporate overhaul.<br><br>Meta Platforms Inc said last month it would cut more than 11,000 jobs.<br><br>Layoffs have gained in pace since the end of 2022.<br><br>Microsoft has cut jobs across different business areas in recent months.<br><br>The company is shifting its focus toward AI, which it sees as a key driver for future growth.<br><br>Chief executive Satya Nadella warned of two years of challenges in an interview with Reuters, saying the company needed to become more efficient.<br><br>The cuts will account for less than 5% of Microsoft's workforce.<br><br>The charge will result in a negative impact of 12 cents on earnings per share for the quarter ending this month.<br><br>Tech companies including Amazon, Meta, and Google have been making job cuts in recent weeks.<br><br>Amazon is laying off 18,000 workers as part of a broad corporate overhaul.<br><br>Meta Platforms Inc said last month it would cut more than 11,000 jobs.<br><br>Layoffs have gained in pace since the end of 2022.<br><br>Microsoft has cut jobs across different business areas in recent months.<br><br>The tech industry has faced a downturn in recent months.<br><br>Several tech companies have cut jobs.<br><br>The tech industry has faced a downturn in recent months.<br><br>Several tech companies have cut jobs.<br><br>The tech industry has faced a downturn in recent months.<br><br>Several tech companies have cut jobs.<br><br>The tech industry has faced a downturn in recent months.<br><br>Several tech companies have cut jobs.<br><br>The cuts at Microsoft are the deepest since 2015, when it cut 18,000 jobs.<br><br>Microsoft had previously reduced headcount in July and October, first cutting 1% of its workforce before cutting another 1,000 jobs a few months later.<br><br>The move is not surprising given the economic environment.<br><br>Tech companies have faced a downturn in recent months as the economy has slowed.<br><br>The layoffs have gained in pace since the end of 2022.<br><br>Tech companies have faced a downturn in recent months.<br><br>Several tech companies have cut jobs.<br><br>Microsoft said the job cuts would conclude by the end of the third quarter, with notifications beginning immediately.<br><br>Separately, Microsoft said it would make a multi-billion-dollar investment in OpenAI, the company behind the ChatGPT AI tool that has captured the attention of the tech industry.<br><br>Microsoft said it would make a multi-billion-dollar investment in OpenAI, the company behind the ChatGPT AI tool that has captured the attention of the tech industry.<br><br>Microsoft has made a number of significant investments in recent years.<br><br>A 2018 deal was the company's largest at the time.<br><br>It was the company's largest at the time.<br><br>A 2018 deal was the company's largest at the time.<br><br>It was the company's largest at the time.<br><br>A 2018 deal was the company's largest at the time.<br><br>It was the company's largest at the time.<br><br>Business is going to boom. Hopefully this isn't the case. This is terrible news for the American economy and terrible for workers.