Microsoft Cutting Jobs as Recession Fears Mount

Microsoft Cutting Jobs as Recession Fears Mount
A Microsoft logo in Los Angeles, Calif., on June 14, 2016. Lucy Nicholson/Reuters
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Microsoft is laying off additional workers following a declining pace of revenue from software products, in a move adopted by several technology companies lately to curb costs as recession looms ahead.

“Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly,” a Microsoft spokesperson told multiple media outlets. “We will continue to invest in our business and hire in key growth areas in the year ahead.”

Naveen Athrappully
Naveen Athrappully
Author
Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.
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