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Microsoft Corp (MSFT.O) plans to eliminate thousands of jobs. Some roles are likely to be eliminated from the engineering and human resources divisions, According to reports in the media on Tuesday.
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The anticipated layoffs are one of the most recent developments within the U.S. technology sector, which includes Amazon.com Inc (AMZN.O) and Meta Platforms Inc (META.O) have announced reductions due to the slowing demand and an escalating global economic outlook.
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Microsoft's move may indicate that the tech industry could be shedding jobs for the foreseeable future.