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As far as I heard from managers internally some of the big decisions, e.g office and so on have a hiring freeze at least till end of the year.
I guess WinUI 3.0 now will take even longer to reach feature parity with either UWP or WPF.
Hopefully the cuts are in the Electron integration department.
It would be great, at least some teams have been migrating to WebView2.
Reaching feature parity with Win 3.0 will be an achievement. But i don't hold my breath.
If you bothered to read to the end of the third sentence you'd have seen the layoffs effect the Customer and Partner Solutions and Consulting orgs. Also UWP never even had feature parity with WPF or Win32. Look into Platform Invocation (PInvoke) which allows interop between WinUI 3 and Win32 (WinForms, MFC and even WPF) until there's full XAML feature parity.
This can't be a good sign for the rest of us in tech.

I don't like to think about my chances of finding anything else should my current job disappear. With a wife, child and mortgage it's a little scary.

As I understand it, nobody(G8, lets say) is really in recession. Yet all the big tech companies have hiring freezes or layoffs.

I wonder why? Interest rates mean debt repayments are increasing, thus they need to cut costs elsewhere? Something Else?

Appease shareholders. Do something so they don't sell because of recession fears. No one is in recession now
Microsoft does a big reorg of one of a few orgs like legal, marketing, general ops, sales, solutions engineering, customer service, etc at the end of almost every fiscal year. Was just solutions engineering and consulting's turn now.

Satya seems to have opted to just sort of reorg in chunks every few years which I kind of like as opposed to the yearly stack ranking performance induced reorgs that just lead to obscenely short term thinking.

As a former Microsoft employee, the July reorgs were completely expected (and use to be much broader in scale). Not much to read into here.