Microsoft set to lay off thousands of employees
The Verge Update January 18th, 9:45AM ET: In a memo issued Wednesday morning, Microsoft confirmed plans to fire over 10,000 employees by the end of March. The original story continues below.
Microsoft is preparing to announce job cuts tomorrow. Sky News reports that thousands of roles will be cut, with the software giant said to be looking at cutting around 5 percent of its workforce. With more than 220,000 employees at Microsoft, that could mean more than 10,000 layoffs.
While Sky News doesn't name an exact date for the expected cuts, a source familiar with Microsoft's plans tells The Verge that the company will likely announce layoffs on Wednesday, ahead of its quarterly earnings next week.
Bloomberg is also reporting that a number of layoffs...