Microsoft will cut 10,000 jobs in response to decreasing demand after the pandemic, its CEO said in a note to employees Wednesday.
The announcement comes after tens of thousands of job cuts across the technology sector. The layoffs are a response to decreased spending in cloud computing after the COVID-19 pandemic, Microsoft said: “First, as we saw customers accelerate their digital spend during the pandemic, we’re now seeing them optimize their digital spend to do more with less.”
The same holds true for organizations that are fearing or impacted by recession, according to the note. Palantir Technologies Inc., a software company, said this week that reducing cloud spending was a top-ten priority of its customers….