- microsoft corp MSFT proposed cutting up to 120 jobs in Germany, business news agency WirtschaftsWoche.
- The move was part of the tech company’s global job cuts, Reuters said reports.
- Microsoft Confirmed downsizing of around 10,000 employees in January, representing 4% to 5% of the total workforce.
- Also read: Eager to crush opposition to the Activision deal, Microsoft is cutting another 10-year deal with this semiconductor giant
- MSFT faced a charge of ~$1.2 billion in the second quarter restructuring into account.
- In contrast, social media giant Meta Platforms, Inc META The company has reportedly eyed a new round of job cuts that could likely affect thousands of workers in the coming months.
- Meta suggested pushing some executives into lower roles, Flattening of management levels between Meta CEO Mark Zuckerberg and the company’s interns.
- Meta-directed departments throughout companies and worldwide.
- Price promotion: MSFT shares traded 0.30% higher at $252.27 on the last check Thursday.
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