Microsoft CEO Satya Nadella speaks at the company’s Ignite Spotlight event in Seoul on Nov. 15, 2022.SeongJoon Cho | Bloomberg | Getty ImagesThe job cuts in tech land are piling up, as companies that led the 10-year bull market adapt to a new reality.Microsoft said Wednesday that it’s letting go of 10,000 employees, which will reduce the company’s headcount by less than 5%. Amazon also began a fresh round of job cuts that are expected to eliminate more than 18,000 employees and become the largest workforce reduction in the e-retailer’s 28-year history.The layoffs come in a period of slowing growth, higher interest rates to battle inflation, and fears of a possible recession next year.Here are some of the major cuts in the tech industry so far. All numbers are approximations based on filings, public statements and media reports:Microsoft: 10,000 jobs cutMicrosoft is reducing 10,000 workers through March 31 as the software maker braces for slower revenue growth. The company also is taking a $1.2 billion charge.”I’m confident that Microsoft will emerge from this stronger and more competitive,” CEO Satya Nadella announced in a memo to employees that was posted on the company website Wednesday. Some employees will find out this week if they’re losing their jobs, he wrote.Amazon: 18,000 jobs cutEarlier this month, Amazon CEO Andy Jassy said the company was planning to lay off more than 18,000 employees, primarily in its human resources and stores divisions. It came after Amazon said in November it was looking to c …
