More details on what Paul is talking about above:
Microsoft is cutting 10,000 jobs, the company said Wednesday, as it deals with economic uncertainty and shifts focus to areas of growth, such as artificial intelligence.
The cuts, which began Wednesday and will go through March, will impact less than 5% of Microsoft’s global workforce, CEO Satya Nadella said in a memo to employees. The tech giant declined to say which roles are being cut. But the layoffs are reportedly impacting its engineering divisions.
“These decisions are difficult, but necessary,” said Nadella. “They are especially difficult because they impact people and people’s lives – our colleagues and friends.”