Microsoft-Amazon Cuts to Erase 28,000 Jobs in Tech Slump (1)

Microsoft Corp. and Amazon.com Inc., two of the world’s biggest companies, began cutting a total of 28,000 jobs on Wednesday in a post-pandemic reckoning that has left almost no tech name unscathed.

The software giant began notifying some of the 10,000 workers that will lose their jobs this quarter, while its Seattle-based neighbor and cloud rival Amazon started sending out emails to people in the US, Canada and Costa Rica who are among 18,000 people whose positions will be eliminated.

Watch: Amazon starts a massive round of layoffs.

Source: Bloomberg

Both companies said the painful measures were necessary to offset slowing sales and a possible recession that has ...