Microsoft Corp. said Wednesday it will cut 10,000 jobs this year, or about 5% of its workforce, which will result in a $1.2 billion charge in the fiscal second quarter. Chief Executive Officer Satya Nadella said in a blog post and internal email to employees that the company will continue to hire in “key strategic areas.” Nadella, speaking at the World Economic Forum in Davos, Switzerland, said the tech industry needs to adjust to the broader economic slowdown.
