Microsoft To Cut 10,000 Jobs As Spending Slows 

Microsoft says it will cut 10,000 jobs in the latest round of staff redundancies to hit the tech industry which will affect up to 5% of its global workforce and cost the business $1.2bn in severance and reorganization costs. <br />Microsoft chief executive Satya Nadella says that while customer spending had grown during Covid, more people were now choosing to exercise caution <br />He says the firm would continue to hire in key areas. <br />Mr. Nadella says many parts of the world were in a recession or anticipating one, while at the same time, the next major wave of computing is being born, with advances in AI.