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Microsoft Lay Offs

Microsoft on Tuesday said that it’s laying off 3% of employees across all levels, teams and geographies. The company reported better-than-expected results, with $25.8 billion in quarterly net income, and an upbeat forecast in late April. Microsoft had 228,000 employees worldwide at the end of June, meaning that the move will affect thousands of employees.Last week cybersecurity software provider CrowdStrike announced it would lay off 5% of its workforce.On Monday, Microsoft shares stopped trading at $449.26, the highest price so far this year. They closed at a record $467.56 last July. Is Technology rendering most humans jobless?

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