Microsoft today issued a filing that detailed plans to lay off 10,000 employees as part of broader cost-cutting measures. Company CEO Satya Nadella discussed the job cuts at this year’s World Economic Forum (WEF) in Davos, Switzerland. “No one can defy gravity and gravity here is inflation-adjusted economic growth,” he told WEF founder Klaus Schwab.
In a memo sent to employees, Nadella called such decisions “difficult, but necessary,” and said the 10,000 jobs to be axed represent less than 5% of the company’s total workforce.
