Tech
Microsoft layoffs: Tech giant to lay off up to 9,000 employees: Report
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Microsoft will lay off nearly 4% of its workforce, the company said on Wednesday, in the latest job cuts as the tech giant looks to rein in costs amid hefty investments in artificial intelligence infrastructure.
The company, which had about 228,000 employees worldwide as of June 2024, had announced layoffs in May, affecting around 6,000 workers. It was planning to cut thousands of jobs, particularly in sales, Bloomberg News reported last month.
The Windows maker had pledged $80 billion in capital spending for its fiscal year 2025. However, the soaring…
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