Microsoft Sacks 23% of workers

Tech giant Microsoft has confirmed a major round of layoffs affecting about 7% of its global workforce. The decision comes as part of a wider restructuring strategy aimed at streamlining operations and cutting costs in response to shifting market conditions. While the company maintains that it remains financially strong, the move has raised concerns about job security in the tech industry, which has seen several waves of downsizing in recent months. Microsoft says affected employees will be provided with severance packages and support as they transition to new opportunities.