Microsoft cuts about 1,000 jobs

As Axios reported on Tuesday, Microsoft has made about 1,000 job cuts across multiple divisions this week. This puts it on a par with other American tech companies that are cutting jobs or putting hiring on pause due to a global downturn in the economy.

As of June 30, the number of laid-off employees was close to the mark of 221,000 people, that is, slightly less than 1% of the entire staff of the IT giant.

According to Microsoft's July statement, the company has abolished several positions, and also announced a planned increase in the number of employees.

In recent months, some companies in the IT sector have seen job cuts and a slowdown in hiring new staff. The reasons for this are a slowdown in global economic growth due to higher interest rates, rising inflation and an energy crisis in Europe.