on Wednesday initiated new layoffs affecting 10,000 employees, in the latest sweeping job cuts to hit Silicon Valley as firms slash costs to grapple with an economic slowdown. The layoff, far larger than prior cuts by Microsoft last year, pile on to tens of thousands of job cuts across the technology sector that has deflated following soaring growth during the pandemic.Microsoft's move corresponds with the date its rival Amazon has said more employees will be notified in its own mass layoffs of 18,000 people, following similar moves at , and other tech firms.
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