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 about 7,000 jobs. 2. Layoffs aim to streamline management for better competitiveness in AI. 3. Quarterly revenue reached $70.07 billion, exceeding Wall Street forecasts. 4. Company plans to invest up to $80 billion in AI for 2025. 5. Analysts suggest layoffs necessary to manage high AI development costs.