Microsoft CEO Satya Nadella announced this today lay off 10,000 workers (opens in new tab) as part of an effort to “align our cost structure with our revenues and where we see customer demand”.

It’s an astonishing number of job cuts, even though it represents a relatively small fraction of Microsoft’s total workforce: Nadella said in the memo released today that the cuts make up less than five percent of the company’s workforce, which is estimated to be about 221,000 employees worldwide (opens in new tab).

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By wy9m6

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