Microsoft Corp. said it was laying off 10,000 employees, becoming the latest tech titan to announce an additional round of cuts amid concerns about the health of the global economy.
Chief Executive Satya Nadella said in a blog post to employees Wednesday that the layoffs would affect less than 5% of the company’s global workforce.
Mr. Nadella pointed to the economic slowdown in his note, telling employees that companies globally had begun to “exercise caution as some parts of the world are in a recession and other parts are anticipating one.” He added that the company would be taking a $1.2 billion charge in its soon-to-be-announced earnings related to severance costs.
