One More! Microsoft Tech Giants LAY Off 1,000 Employees

This week has been a nightmare for Microsoft employees, as as many as 1,000 people have been laid off from the tech company.

According to a Wall Street Journal report, the cuts are thought to affect less than 1 percent of its 180,000 workers worldwide in Microsoft's business.

"Like all companies, we evaluate our business priorities regularly, and make appropriate structural adjustments. We will continue to invest in our business and employ in the main growth area next year," Microsoft told ABC News, Wednesday, October 19.

Microsoft's move comes amid a slowdown in growth in the technology sector and other global pressures. Microsoft shares fell by about 30 percent this year.

Earlier in July, the company also announced plans to cut employees' salaries by about one percent. However, it is not yet clear whether the dismissal of employees this week is part of the continuation of the pay cut, or a new phase.

Several employees conveyed this incident to their social media, including KC Lemson, product manager or group program and creator of the Ninja Cat logo for the Windows Insider Program.

Lemson said 2022 had been a sufficient year, having relayed the news to 8,000 of his followers, many of whom reacted with shock and sympathy.

According to Tom's Hardware, the Windows originator isn't the only technology company to lay out its employees, Meta, Twitter, and Snap all reduce the number of staff and freeze employees as they seek savings in the face of challenging economic conditions.