Microsoft Slows Hiring in Weaker Economy

The video discusses Microsoft's decision to freeze hiring in several divisions, including Azure and security software, while honoring existing job offers. This move is part of a broader trend in the tech industry, with companies like Google, Amazon, and Apple also slowing down recruitment. Additionally, Ford plans to cut 8,000 jobs to boost profits and fund its electric vehicle initiatives.

What are the implications of the hiring freezes announced by major tech companies?

What steps is Ford's CEO taking to cut costs, and what is the target amount?