What Microsoft’s Recent Layoffs Mean For The Company And Investors

Key takeaways

• Microsoft announced 10,000 layoffs on January 18, 2023
• These layoffs come amid a string of similar announcements from other tech businesses
• In his announcement, CEO Satya Nadella noted that the company will refocus on “secular growth and long-term competitiveness”

Microsoft is the latest company to announce a large round of layoffs, cutting 10,000 jobs on Wednesday. The company is facing slower PC and cloud sales, which could be one of the reasons behind the cuts.

Are these layoffs signs of future struggles for the business or just a proactive step to reduce costs now that people fear an oncoming recession?