Microsoft cuts staff amid AI investment
Microsoft plans to cut its workforce by less than 2.5%, amounting to several thousand employees, as part of a cost-cutting strategy focused on sales, consulting, and the Xbox gaming division. This comes amid a wave of job cuts in the tech sector, with companies like Meta and Amazon announcing layoffs ranging from 10% to 16,000 jobs worldwide, alongside increased investment in artificial intelligence infrastructure. Currently, Microsoft employs approximately 228,000 people.
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