Microsoft officially denied widespread reports claiming the company plans to lay off between 11,000 and 22,000 employees (5% to 10% of its workforce) in January 2026.

  • The rumors were called "100% made up speculative and wrong" by Frank Xshaw, Microsoft's Chief Communications Officer.
  • MSFT shares were trading down 1.20% at $477.67 amidst a mildly soft tech market.