Microsoft joins AI-driven tech layoff wave with 4,800 job cuts
Microsoft is cutting approximately 4,800 jobs, representing 2.1% of its workforce. This move follows a wave of tech layoffs and significant AI infrastructure spending. The company faces pressure to demonstrate returns from its substantial AI investments. Microsoft's Azure cloud business sees growth, but data center costs are impacting cash flows. The gaming division is undergoing a restructuring due to declining profit margins.
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