Microsoft becomes latest tech firm to cut staff

Details: Microsoft declined to say how many jobs had been cut, but a source said the layoffs numbered under 1,000.

• The cuts occurred across a variety of levels, teams and parts of the world.
• Multiple laid-off workers turned to Twitter and Blind, among other online forums, to share that their job had been cut.

The big picture: Nearly all the major tech firms have slowed headcount growth, with many freezing all but essential hires. A number of companies have already moved to cut jobs, including Snap and, as Axios reported yesterday, Flipboard.

• Meta, which had already frozen hiring, plans to cut budgets in most divisions, with layoffs expected.

What they're saying: “Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly. We will continue to invest in our business and hire in key growth areas in the year ahead,” Microsoft said in a statement to Axios.

Editor's note: This story has been updated with additional details.