Microsoft Takes $800 Million Charge for Layoffs, Revenue Growth Slows to Lowest Rate Since 2016

Microsoft reported its slowest top-line growth in more than six years, with total revenue inching up 2% for the December 2022 quarter, and took an $800 million charge related to its layoff of 10,000 employees. Last week the tech giant announced it was eliminating 10,000 positions, about 5% of its…

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