Microsoft plans to cut thousands of jobs, according to report
CBSN
Microsoft is planning to cut thousands of jobs in the latest workforce cull by a major technology company as the economy slows, according to a report.
The software company is expected to announce the widespread layoffs in the coming days, Sky News reported on Tuesday. The U.K. media outlet said Microsoft is targeting a 5% reduction in its workforce, or about 11,000 workers across offices worldwide. The company is targeting cuts in its engineering divisions, according to Bloomberg, which cited a person familiar with the matter.
Microsoft employs more than 220,000 people globally, including roughly 122,000 people in the U.S., according to its corporate website.
A blistering heat wave that recently brought record-breaking temperatures to large sections of the southwestern United States, including several major cities, is forecast to continue this week as it tracks over much of the country on its way toward the East Coast. Meanwhile, meteorologists have warned that powerful storm weather could dump as much as a foot of rain, or more, on parts of Florida and potentially give rise to another round of tornado threats in central states. Metropolitan areas like Chicago may be affected by a possible twister.
After four days of voting, with more than 400 million people eligible across 27 countries, European voters have pulled the bloc's 720-seat parliament farther to the right than it has ever been. The European Parliament, for the next five years, will now have a record number of far-right legislators. Far-right parties made gains in Europe's top three economies — Germany, France and Italy — with gains by politicians who campaigned against immigration, against support for Ukraine and against climate policy.
Apple's annual Worldwide Developers Conference is typically a springboard for the company to announce new tech features for its software programs, and not as flashy as its yearly September event to trumpet its latest iPhone rollout. But this year, the WWDC could be a make-or-break moment for the tech giant.