Shulou(Shulou.com)11/24 Report--

CTOnews.com, April 5 (Xinhua) Microsoft said on Tuesday that it is abandoning plans to build a new office building in London.

"We are committed to the UK and have facilities all over the country," the company said in an emailed statement. we regularly review our portfolio to make sure it meets the needs of our employees and long-term business. "

Microsoft said in January that it would cut its workforce by 5% this year, as part of a broader adjustment in the technology industry, where layoffs and the popularity of telecommuting have put pressure on office real estate demand.

It is reported that Microsoft's office lease in Reading, UK, expires in 2026 and was originally intended to be replaced by a new London office building.

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