Microsoft is reportedly planning to cut 11,000 jobs as the tech sector continues to shed staff as fears of a recession continue.
This move could signal that the tech industry may continue to slash the workforce.
Morningstar analyst Dan Romanoff said: “From a big picture perspective, another pending round of layoffs at Microsoft suggests the environment is not improving, and likely continues to worsen.”
A source said the technology behemoth could fire recruiting teams by up to one-third.
The staff downsizing will be way larger than those implemented in the previous year.
As of June 30, the company employed 221,000 full-time staff, including 122,000 in the US and 99,000 globally.
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It was reported in October last year that Microsoft slashed less than 1,000 employees across several units.
Microsoft declined to comment on the layoff reports.