Microsoft is reportedly about to layoff 3% of its workforce

Core Points - Microsoft plans to reduce its global workforce by 3%, affecting over 6,500 employees out of approximately 228,000 [1] - This reduction is one of the largest since the company laid off 10,000 employees in 2023 [1] - The layoffs are part of organizational changes to position the company for success in a dynamic marketplace [1] - Microsoft reported a revenue of $70.1 billion (up 13$25.8 billion (up 18%) in April, exceeding analysts' expectations [1] - The upcoming layoffs will impact all levels, locations, and teams, and are not performance-related [1] Industry Context - The tech industry has seen significant layoffs, with many workers affected in the past year, including companies like Amazon and Meta [2]