Microsoft said Wednesday . That it will cut 10,000 jobs worldwide amid a slowing global economy.
In a blog post. Microsoft CEO Satya Nadella said . The company was looking to align its cost structure with projected revenue and. Where customer demand was strongest.
“as we saw consumers speed up their digital spending during the pandemic. we’re now seeing them optimize their digital spending to do more with less,” he wrote. “We’re also looking at companies in every . Industry and geography being careful because some parts of . The world are in a recession and other parts are anticipating one.”
The cuts account for less than 5% of the software giant’s total employee base, he said. global
The announcement is .
The latest in a wave of white-collar job losses as inflation, high interest rates and low growth. Hit spending around the world. Earlier on Wednesday, the Commerce . Department said US retail sales fell 1.1% in December, more than analysts expected. global
Microsoft joins companies including . Google parent Alphabet, Amazon, Facebook and Salesforce . Among tech giants that have announced job cuts in recent months. global
Microsoft is calling for 2% revenue growth in . The fiscal second quarter, which would be the slowest rate since 2016.