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Microsoft says it will axe 10,000 employees over poor economy

This file photo from April 12, 2016, shows the Microsoft logo in Issy-les-Moulineaux, outside Paris, France. (AP Photo/Michel Euler, File)
This file photo from April 12, 2016, shows the Microsoft logo in Issy-les-Moulineaux, outside Paris, France. (AP Photo/Michel Euler, File)

Microsoft says it will lay off 10,000 employees in the coming months as the economic downturn continues to punish US tech giants.

The job cuts will affect slightly less than five percent of employees, and follow in the wake of similar moves by Facebook-owner Meta, Amazon and Twitter, which have announced thousands of layoffs in the once-unassailable tech sector.

The cuts are “in response to macroeconomic conditions and changing customer priorities,” the maker of the Windows operating system says in a US regulatory filing.

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