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Familiar-Turtle OP t1_j4rftvw wrote

(Reuters) - Microsoft Corp is contemplating cutting about 5% of its workforce, or about 11,000 roles, U.K broadcaster Sky News reported on Tuesday, citing sources.

The reported layoffs would be the latest in the U.S. technology sector, where companies like Inc and Alphabet Inc have announced retrenchment exercise in response to slowing demand and deteriorating economy.