Microsoft: 7,000 jobs cut
Microsoft announced plans to lay off approximately 7,000 employees, representing about 3% of its global workforce, as part of CEO Satya Nadella's strategic shift toward AI development. The layoffs are designed to reallocate resources toward advanced AI technologies as Microsoft competes with rivals like Meta and Google. While the company reported strong quarterly revenue of $70.07 billion, it is restructuring to support significant AI investments expected to reach $80 billion in fiscal year 2025. The cuts include both performance-based terminations and broader restructuring efforts targeting management roles to create operational efficiency.
Conservative
0
Core Estimate
5,250
Upper Bound
7,000
Sources
Microsoft Announces Major Layoffs | Journal
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