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

The Redmond-based tech giant didn’t disclose how many employees in total it plans to lay off, but a spokesperson said up to 3% of Microsoft’s workforce could be affected. Microsoft has 228,000 employees worldwide, meaning more than 6,800 people could be laid off.