Microsoft lays off nearly 1,000 employees in teams across countries

The technology giant Microsoft has gone through the third round of downsizing since July this year.

The fired employees took to twitter to tell the world about the news.

KC Lemson, formerly the group's product manager, took to Twitter to express her displeasure.

According to US news website Axios, Microsoft has laid off nearly 1,000 employees.

The report also states that employees at several levels and teams around the world have been given pink slips.

The move is in line with major tech companies cutting jobs after slowing hiring, according to the report.

It's worth noting that this recent round of layoffs comes amid a slowdown in global markets, recession fears and a funding winter.

Interestingly, Microsoft is not the only tech giant undergoing downsizing. 

Meta, the parent company of social media platform Facebook, is also looking to cut costs by laying off roughly 12,000 people, according to discussion forum Blind.

A Met employee said: "Those 15 per cent will probably be put on a performance improvement plan (PIP) and then let go."