Microsoft To Fire 120 Workers In Germany Under Its Cost Cutting Drive

Microsoft Corp MSFT proposed to cut up to 120 jobs in Germany, business news outlet WirtschaftsWoche.
The move was a part of the tech company's global job cuts, Reuters reports.
Microsoft confirmed downsizing by roughly 10,000 employees in January, equating to 4% - 5% of the total headcount.
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MSFT looked to incur a ~$1.2 billion charge in Q2 to account for the restructuring.
Contrastingly, social media giant Meta Platforms, Inc META reportedly eyed a fresh round of job cuts that could affect thousands of workers likely in the coming months.
Meta proposed to push some leaders into lower-level roles, flattening the layers of management between Meta CEO Mark Zuckerberg and the company's interns.
Meta targeted divisions across the company and around the world.
Price Action: MSFT shares traded higher by 0.30% at $252.27 on the last check Thursday.