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

Microsoft Corp (NASDAQ: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 (NASDAQ: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.