Hmmm: Microsoft to lay off 10,000 workers

Microsoft is laying off 10,000 employees, nearly 5% of its workforce, in what the tech company calls a “response to macroeconomic conditions and changing customer priorities,” according to a Securities and Exchange Commission filing Wednesday.

The workers will be laid off by the conclusion of the third fiscal quarter this year, the company said.

Microsoft also plans on changing its hardware portfolio and consolidating office leases.

[Looks like the major companies are battening down the hatches for 2023. Keep that in mind. — Ed]