Microsoft cuts about 1,000 jobs

Microsoft is making some changes to its workforce, reducing the number of employees by approximately 1,000 people.

The company has about 221,000 employees worldwide and plans to cut several positions across multiple divisions, affecting less than 1% of its total workforce. This news comes after several other tech companies have made similar decisions, either reducing the size of teams or freezing hiring altogether.

Despite these cuts, Microsoft’s shares have only dropped by 30% compared to this year’s Dow Jones Industrial Average, which is down 17%.

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