Microsoft laying off about 9,000 employees in latest round of cuts
1. Microsoft announces layoffs of 9,000 employees, affecting less than 4% of workforce. 2. The layoffs aim to streamline management structures for operational efficiency. 3. Microsoft’s fiscal 2026 begins; executives emphasize necessary organizational changes. 4. Company reported $26 billion net income on $70 billion revenue, exceeding expectations. 5. 14% revenue growth projected due to expansion in Azure and corporate subscriptions.