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World Business Report: First broadcast 18/01/2023 15:32 GMT : Microsoft layoffs: The tech giant confirms it will cut 10,000 jobs

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Microsoft layoffs: the tech giant confirms it will cut 10,000 jobs

First broadcast 18/01/2023 15:32 GMT 

First broadcast 18/01/2023 15:32 GMT : Microsoft layoffs: The tech giant confirms it will cut 10,000 jobs

Microsoft layoffs: The tech giant confirms it will cut 10,000 jobs

BBC World Service - World Business Report, Microsoft layoffs: The tech giant confirms it will cut 10,000 jobs

Majority of roles are expected to be eliminated in human resources and engineering

Majority of roles are expected to be eliminated in human resources and engineering.

Microsoft finalised their layoffs for this year cutting over 10,000 roles across its divisions. The tech giant says it has been forced to take these measures in the face of a slowing global economy. 

Big numbers out today in the Eurozone indicate that price rises are cooling. The European Central Bank says consumer inflation in the 20-nation Eurozone was 9.2% last month compared to a year ago.

Meanwhile, Japan is facing relatively high inflation, a falling yen and pressure on wages. In such a scenario usually central banks try to hike interest rates but not the Bank of Japan. After two days of meetings it decided to maintain its ultra-easy monetary policy.

On day three of the World Economic Forum in Davos, business leaders are being urged to do more to ensure that talented disabled workers can make it to the top. Caroline Casey is a disability activist and founder of The Valuable 500 - a group of top companies who have signed up to do more to promote the inclusion of disabled workers in their business.

(Photo: Cloud network desk. Picture Credit: Getty Images)

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First broadcast 18/01/2023 15:32 GMT : Microsoft layoffs: The tech giant confirms it will cut 10,000 jobs

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