Microsoft is the newest IT company to lay off employee

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Axios has confirmed that Microsoft announced layoffs on Monday affecting several divisions.

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The decision is yet another illustration of how major tech businesses are laying off employees after previously taking steps to slow or halt hiring as the overall economy slows.

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Microsoft declined to disclose the precise number of job cuts, but a source estimated there were fewer than 1000 people affected.

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Various teams, levels, and regions of the world experienced the cuts.

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Many people who had their jobs eliminated announced it on Twitter, Blind, and other online forums.

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The rise of staff has slowed at almost all of the top tech companies, with many of them freezing all but essential hires.

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Meta, which had already halted hiring, intends to reduce spending across the board, with layoffs likely.

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