Microsoft is making a new round of deep cuts to its workforce, eliminating 9,000 jobs company-wide. The company began notifying employees of the layoffs, which will shrink the company by 4%, on Wednesday morning.
Microsoft's latest round of layoffs takes place as the company revises its strategy for selling AI tools. The layoffs target traditional sales roles, some of which will be replaced by technical salespeople.
Market gains are driven by a concentrated group (NVIDIA, Microsoft, and Meta) raising concerns for Michael Kramer from Mott Capital Management and Reading The Markets about sustainability and overvaluation in tech. AI hype is real, but commoditization and high spending may limit long-term profits for current leaders.
Microsoft is cutting upward of 9,000 jobs in its latest round of layoffs; Perfect Dark and Everwild among games to be cancelled.
Microsoft is cutting around 9,000 jobs in a second major wave of layoffs for the year. Bloomberg's Brody Ford discusses the plan with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.
Microsoft is cutting nearly 9,000 jobs, the latest in a string of recent layoffs. [contact-form-7] The cuts will impact under 4% of the tech giant's workforce, a spokesperson for the tech giant told PYMNTS Wednesday (July 2).
Key Points in This Article: Microsoft's (MSFT) robust growth in Azure and AI-driven Copilot integrations positions it to reach $600 per share if revenue and EPS growth are sustained.
Microsoft (MSFT) plans to make more cuts to its global workforce, affecting thousands of workers.
The cuts represent less than 4% of the company's global workforce and add to about 6,000 roles it eliminated in May.
The latest round of layoffs adds to about 6,000 roles the company eliminated in May.
Microsoft is culling more workers in its second big round of layoffs so far this year. The company is laying off less than 4% of its workforce and again slashing layers of management.
The layoffs will impact less than 4% of Microsoft's global workforce, impacting workers across different teams with varying levels of experience, according to a report.