Layoff fears may be particularly prevalent in the tech space. Tech firms ramped up hiring during the pandemic when demand for their products surged. Forced remote work changed the landscape and paved the way to more jobs.

Layoffs are once again casting a shadow over Microsoft’s Redmond headquarters. The company has confirmed it’s letting go of 3% of its global workforce, a move

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.