Sky put the number of the cuts at approximately five percent of the company’s 220,000-person workforce or about 11,000 employees total.Bloomberg said it couldn’t find out the scale of the layoffs but reported they would affect “a number of engineering divisions” and that they’re set to be “significantly larger” than other rounds of job cuts undertaken by Microsoft over the last year.The company saw during the first two years of the pandemic, and it tried to capitalize on the moment by going on a hiring spree, over that same time frame.But as recently as this past October, Microsoft CEO Satya Nadella warned of imminent belt-tightening due to worsening macroeconomic conditions.“We're focused on helping our customers do more with less, while investing in secular growth areas and managing our cost structure in a disciplined way," he told investors and analysts at the time."