10/18/2022, 7:10 AM (Source: TeleTrader)
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Microsoft confirms reports of job cuts

Microsoft Corp. confirmed that the company is planning to cut jobs as it expects its revenue to slow.

"Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly," a Microsoft spokesperson told CNBC. "We will continue to invest in our business and hire in key growth areas in the year ahead," they added.

The confirmation comes after several media outlets reported on Monday the tech giant is set to let go of nearly 1,000 employees across various departments.

Baha Breaking News (BBN) / NP