Microsoft is slashing 3 percent of its global workforce

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Microsoft is slashing 3 percent of its global workforce

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Tech giant Microsoft is slashing 3 percent of its global workforce — a move that will affect thousands of employees across all departments and regions.

The cuts, revealed Tuesday, come even as the company enjoys booming profits and a surging stock price. About 6,480 positions will go.

'We continue to implement organizational changes necessary to best position the company for success in a dynamic marketplace,' a Microsoft spokesperson told CNBC.

The company — which has a global headcount of 228,000, with 126,000 in the US — said the layoffs are not related to performance. Instead, the goal is reportedly to cut down on layers of management.

https://www.dailymail.co.uk/yourmoney/a ... 0&ito=1490
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