(Bloomberg) -- Microsoft Corp. plans to cut jobs in a number of engineering divisions on Wednesday, according to a person familiar with the matter.Most Read from BloombergChina’s Population Shrinks for First Time Since 1960s in Seismic ShiftLarry Fink Says ESG Narrative Has Become Ugly, PersonalMicrosoft to Add ChatGPT to Azure Cloud Services ‘Soon’Chief Executives, Economists Brace for Recession as Davos BeginsStocks Turn Lower Again in Choppy Trade; Dow Falls: Markets WrapThe magnitude of the

(Bloomberg) -- Microsoft Corp. said it plans to cut 10,000 jobs, or about 5% of its workforce, taking steps to cope with an increasingly bleak outlook that has now bruised many of the technology industry’s biggest names.Most Read from BloombergMicrosoft to Cut Engineering Jobs This Week as Layoffs Go DeeperApple Delays AR Glasses, Plans Cheaper Mixed-Reality HeadsetIndia’s Population Has Already Overtaken China’s, Analysts EstimateStocks Turn Lower as Growth in Focus; Dow Falls: Markets WrapInve