Microsoft's biggest job cuts since 2023
Microsoft is laying off 3% of its workforce as the tech giant looks to cut costs while pouring billions of dollars into its ambitious bet on artificial intelligence.
Microsoft is laying off 3% of its workforce as the tech giant looks to cut costs while pouring billions of dollars into its ambitious bet on artificial intelligence.
The cuts will affect approximately 7,000 employees at all levels worldwide, Reuters reports .
In January, the company laid off low-performing employees. But their number was insignificant compared to the new reduction, which will be the largest since 2023. Recall that the company laid off 10,000 employees at that time, although GeekWire's calculations significantly exceed this figure.
Microsoft announced the move a few weeks after the company showed stronger-than-expected growth in its Azure cloud computing business and impressive results in the latest quarter, thereby reassuring its investors.
As of the end of June last year, the company had 228,000 employees, of whom 126,000 worked in the United States, according to annual reports filed with the U.S. Securities and Exchange Commission.
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