13:43 ET -- Microsoft Corp. is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. The technology giant is laying off 10,000 employees, less than 5% of its total workforce. Chief Executive Satya Nadella discussed the economic slowdown in a blog post to employees, mentioning that companies globally had begun to "exercise caution as some parts of the world are in a recession and other parts are anticipating one." Soon-to-be-announced fiscal second-quarter earnings for Microsoft will take a $1.2 billion charge related to severance costs. Dow Jones & Co. owns Factiva. (josh.beckerman@wsj.com)

(END) Dow Jones Newswires

January 18, 2023 13:58 ET (18:58 GMT)

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