Tech giant Microsoft is joining the ongoing layoff season at tech companies, and is reportedly set to fire nearly 11,000 employees this week amid the global economic slowdown.
Sky News reported that Satya Nadella-run company is "finalising plans to become the latest technology giant to reduce its workforce during a global economic slowdown".
Microsoft employs more than 220,000 people, including 6,000 in the UK.
The company's contemplating reducing roughly 5 per cent of its workforce, "which, if accurate, would equate to approximately 11,000 jobs".
The company will likely announce layoffs on Wednesday (US time), ahead of its quarterly earnings next week.
Nadella recently warned of two years of challenges ahead for the tech industry.
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