<ul><li>Microsoft has laid off around 6,000 employees, which is approximately 3% of its workforce, despite reporting better than expected growth in its third quarter earnings.</li><li>The layoffs have impacted employees across all levels, teams, and geographies, including segments like Xbox, Bethsoft, and Activision-Blizzard.</li><li>These job cuts are not performance-based but are primarily aimed at reducing layers of management to position the company for success in a competitive market.</li><li>This is the fifth instance of Microsoft laying off employees since last year, with previous rounds of layoffs occurring in March, May, July, and September.</li></ul>

Microsoft lays off approximately 6000 workers after a sunny third quarter earnings report

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