Microsoft warns of more ‘changes’ ahead in memo after announcing layoffs – ‘Our business is changing’

Microsoft has announced that it will lay off around 4,800 employees, which is about 2.1% of its global workforce. The company confirmed the move on Monday. Most of the job cuts will affect Microsoft’s sales division and its Xbox gaming business. Before these layoffs, Microsoft had more than 220,000 employees worldwide.

The company usually announces job cuts at the beginning of its financial year, which starts on July 1. Last year, Microsoft eliminated 6,000 jobs in May and another 9,000 positions, or around 4% of its workforce, in July.