Microsoft to cut ~10,000 jobs; records $1.2B charge in Q2 FY2023

MICROSOFT CORP

Workforce reduction of 10,000 roles by end of FY23 Q3, less than 5% of total employees.
$1.2B charge in Q2 for severance, hardware portfolio changes, and lease consolidation.
Charge expected to reduce diluted EPS by $0.12; notifications starting today.
Company cites macroeconomic caution, customer digital spend optimization, and AI platform shift.
US employees get above-market severance, 6-month healthcare, stock vesting, and career services.

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