Microsoft to lay off about 3% of its workforce
FILE - A signage of Microsoft is seen in 2020 in New York City. (Photo by Jeenah Moon/Getty Images)
A major tech company announced this week it was undergoing a massive round of layoffs.
Microsoft layoffs
By the numbers:
Microsoft said it was laying off nearly 3% of its entire workforce, amounting to about 6,000 people.
Local perspective:
Microsoft is based in Redmond, Washington, and about 55% of its workers are in the U.S.
Microsoft employed 228,000 full-time workers as of last June, the last time it reported its annual headcount.
Dig deeper:
Microsoft said the layoffs will be across all levels and locations but will focus on reducing management levels.
The backstory:
The latest layoffs come just weeks after Microsoft reported strong sales and profits that beat Wall Street expectations for the January-March quarter, which investors took as a dose of relief during a turbulent time for the tech sector and U.S. economy.
Microsoft announced a smaller round of performance-based layoffs in January.
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Tech layoffs
Big picture view:
Microsoft is one of many tech companies that have scaled back their pandemic-era expansions.
Other major companies that have laid off thousands of employees in recent years include Amazon, Google, eBay and Salesforce.
The Source: Information in this article was taken from Microsoft, as obtained and reported by The Associated Press. This story was reported from Detroit.