Microsoft announces 10,000 layoffs, 5% of its workforce

Microsoft is "focusing on our short- and long-term opportunity", which is to say it's laying off 10,000 people.

First, we will align our cost structure with our revenue and where we see customer demand. Today, we are making changes that will result in the reduction of our overall workforce by 10,000 jobs through the end of FY23 Q3.