These layoff articles are incomplete without mentioning how many they hired and when. This brings Microsoft back to their staffing levels of when exactly? March 2021?
Because if they hired for instance 30 000 people the last two years, 11 000 brings them back a year or so. If however 11 000 is the headcount they've grown the last 10 years, it's a much more dramatic sign.
If your friend told you they lost $10,000 in the stock market today, would you feel bad for them? What if they then told you that they're up $500,000 over the past year? How about then?