Most big tech firms have already slowed or frozen hiring.
Why it matters
: The move is yet another example of large tech companies cutting jobs after earlier moving to slow or freeze hiring as the broader economy cools.: Microsoft declined to say how many jobs had been cut, but a source said the layoffs numbered under 1000.Multiple laid-off workers turned to Twitter and Blind, among other online forums, to share that their job had been cut.: Nearly all the major tech firms have slowed headcount growth, with many freezing all but essential hires.
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