Microsoft to cut 10,000 jobs as spending slows- PublishedMicrosoft will cut 10,000 jobs in the latest round of staff redundancies to hit the tech industry.It will affect up to 5% of its global workforce and cost the business $1.2bn in severance and reorganisation costs.Hundreds of tech firms, including some of the sector's biggest names like Amazon and Instagram-owner Meta, have revealed layoffs in recent weeks.Like other tech companies, Microsoft's business boomed during the pandemic, fuelled by the increase in remote work and other online activity.Its workforce grew by roughly 40,000 between June 2021 and June 2022, when it reported having about 221,000 full-time employees, including 99,000 outside of the US."