Earlier, on January 18, Microsoft announced that in response to the slowdown in revenue growth,The company will cut 10,000 jobs by March 31.

Microsoft's Q2 results for fiscal 2023, released today, showed that Microsoft recorded an additional expenditure of $1.2 billion in second Wealth because of the company's decision to cut 10, 000 jobs, improve its hardware lineup and integrate leasing facilities.

The cost includes $800m in severance pay, with an average compensation of 540000 yuan for each laid-off employee.

The cost includes $800m in severance pay, with an average compensation of 540000 yuan for each laid-off employee.

Mr. Hood, Microsoft's chief financial officer, said on a conference call with analysts that the business was weak in December, including slower growth in consumption of Azure cloud services. New business growth in Microsoft's 365 productivity software subscriptions, Windows commercial products, and enterprise mobile and security products also fell short of management expectations during the month.

Not only Microsoft but Amazon, Alphabet, the parent company of Google, and Meta, the parent company of Facebook, have all recently announced large-scale layoffs.