This week the tech giant reported its slowest quarterly revenue growth since 2016 and warned that its cloud and business software divisions were slowing down. The news comes a week after it announced it would slash 10,000 jobs in preparation for a cooling economy as the remote-work boom wanes. Microsoft is the first of the Big Tech Five (Apple, Amazon, Google, Microsoft, Meta) to report. In 2021, they achieved record earnings but this year will be a different story. The remaining four are also expected to release lower quarterly earnings as demand slows, recession fears grow and layoffs rise.