Microsoft to Cut About 4 Percent of Jobs Amid Hefty AI Bets

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Microsoft is cutting nearly 4% of its global workforce in a new round of layoffs, impacting thousands of employees. This decision comes as the tech giant aims to control costs while simultaneously investing heavily in artificial intelligence infrastructure.

This move follows previous job cuts in May, which affected approximately 6,000 workers. Reports surfaced last month indicating further reductions, particularly within the sales department.

The company, which had around 228,000 employees as of June 2024, has committed $80 billion in capital spending for fiscal year 2025. These layoffs likely reflect a strategic realignment, prioritizing AI development while seeking greater financial efficiency. The full scope and specific areas affected by the latest cuts are still unfolding.



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Microsoft to Cut About 4 Percent of Jobs Amid Hefty AI Bets



Microsoft is cutting nearly 4% of its global workforce in a new round of layoffs, impacting thousands of employees. This decision comes as the tech giant aims to control costs while simultaneously investing heavily in artificial intelligence infrastructure.

This move follows previous job cuts in May, which affected approximately 6,000 workers. Reports surfaced last month indicating further reductions, particularly within the sales department.

The company, which had around 228,000 employees as of June 2024, has committed $80 billion in capital spending for fiscal year 2025. These layoffs likely reflect a strategic realignment, prioritizing AI development while seeking greater financial efficiency. The full scope and specific areas affected by the latest cuts are still unfolding.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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