Microsoft is reportedly planning to cut thousands of jobs imminently.
According toSky News, the latest round of layoffs at the US technology giant could see it axe roughly 5% of its 220,000-person workforce, which would equate to some 11,000 jobs.
Bloombergis also reporting thatMicrosoftintends to cut jobs in a number of engineering divisions on Wednesday.
Update18th Jan 2023 / 2:49 pm
Microsoft hasconfirmed plans to lay off approximately 10,000 employees.
While the scale of the cuts is unclear, a source said to be familiar with Microsoft’s plans told the publication that the number of layoffs would be significantly greater than other rounds made by the company over the past year.
Microsoft laid off around 1,000 employeesacross the company, including staff working for itsXboxdivision, in October 2022.
The company is planning to report its second quarter earnings on January 24.
The following day,Microsoft is expected to announce release datesfor several highly anticipated Xbox gamesduring a product showcase.
The company has said it plans to reveal new details on games likeForza Motorsport,RedfallandMinecraft Legends, as well as launch dates for the titles, during the ‘Developer Direct’ event on January 25.
Further reading
Following delays, Microsoft previously confirmed thatBethesda’s Redfall and Starfieldwill be released in the first half of 2023, and the former isreportedly targeting a May release.
Forza Motorsport isofficially scheduled for release this springand action strategy gameMinecraft Legends is also coming in 2023.
