Microsoft likely to start laying off employees from Wednesday

Microsoft plans to cut thousands of jobs with some roles expected to be eliminated in human resources and engineering divisions, according to media reports on Tuesday.

The expected layoffs would be the latest in the U.S. technology sector, where companies including Amazon and Meta have announced retrenchment exercises in response to slowing demand and a worsening global economic outlook.

“From a big picture perspective, another pending round of layoffs at Microsoft suggests the environment is not improving, and likely continues to worsen,” Morningstar analyst Dan Romanoff said.