Microsoft began laying off nearly 3% of its entire workforce Tuesday, its largest mass layoff in more than two years.

The tech giant didn’t disclose the total amount of lost jobs but it will amount to about 6,000 people.

Microsoft employed 228,000 full-time workers as of last June, the last time it reported its annual headcount. About 55% of those workers were in the U.S.

Microsoft, based in Redmond, Washington, said the layoffs will be across all levels and geographies but the cuts will focus on reducing the number of managers. Notices to employees began going out on Tuesday.

The latest layoffs come just weeks after Microsoft reported strong sales and profits that beat Wall Street expectations for the January-March quarter.

Egg prices fall from record high

U.S. retail egg prices fell in April from the record-high prices they hit earlier this year, according to government data released Tuesday.

The average price for a dozen Grade A eggs declined to $5.12 last month after reaching a record $6.23 in March, according to the U.S. Bureau of Labor Statistics. It was the first month-to-month drop in egg prices since October 2024.

Still, retail egg prices remain near historic highs as a persistent outbreak of bird flu wipes out flocks of egg-laying hens. The April average price for a dozen large eggs was 79% higher than the Bureau of Labor Statistics reported for the same month a year ago, when the price averaged $2.86 per dozen.

The U.S. has also increased imports of eggs from South Korea, Turkey, Brazil and other countries. According to Wells Fargo Agri-Food Institute Sector Manager Kevin Bergquist, the volume of egg and egg product imports increased 77.5% during the first three months of the year compared to the same period a year ago.