Microsoft to lay off 3% of global workforce — roughly 7K jobs — in shift to develop AI
1. Microsoft is cutting 3% of its workforce, impacting 7,000 jobs. 2. The layoffs aim to refocus resources on advanced AI development. 3. Microsoft's revenue beat expectations at $70.07 billion last quarter. 4. This marks the largest layoff since January 2023's 10,000 job cuts. 5. Microsoft plans to invest up to $80 billion in AI by FY 2025.