The tech sector shed 168,032 jobs in 2023 and accounted for the highest number of layoffs across industries, according to a report by Challenger, Gray and Christmas earlier this month. That included more than 10,000 cuts at Microsoft.
Analysts and industry experts have said they expect fewer layoffs this year, with firms that are racing to catch up in the AI space more likely to downsize to offset the billions of dollars they are spending on the technology.
The Verge was the first to report the news on the latest job cuts by Microsoft..
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