Microsoft Cuts Thousands of Jobs in Latest Layoffs
1. Microsoft plans to cut workforce by less than 3%, affecting thousands of jobs. 2. The layoffs are intended to streamline management for quicker decision-making. 3. Microsoft's shares declined by 0.4% after the announcement was made. 4. Strong customer demand for AI services supports Microsoft's positive earnings outlook. 5. The company anticipates supply constraints for AI cloud services will persist.