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Ticker: Microsoft to lay off thousands; Egg prices fall from record highs

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Microsoft began laying off nearly 3% of its entire workforce Tuesday, its largest mass layoff in more than two years.
Microsoft began laying off nearly 3% of its entire workforce Tuesday, its largest mass layoff in more than two years.
The tech giant didn’t disclose the total amount of lost jobs but it will amount to about 6,000 people.
Microsoft employed 228,000 full-time workers as of last June, the last time it reported its annual headcount. About 55% of those workers were in the U.S.
Microsoft, based in Redmond, Washington, said the layoffs will be across all levels and geographies but the cuts will focus on reducing the number of managers.

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