Tech's AI Ambitions Could Mean Layoffs. Here's the Latest From Microsoft.
1. Microsoft is cutting less than 1% of its workforce based on performance. 2. The company had 228,000 employees as of June, up from 221,000 last year. 3. Microsoft plans to spend $80 billion on AI technologies in fiscal 2025. 4. AI investments aim to create new job opportunities despite tech layoffs. 5. Tech industry layoffs decreased to 152,074 in 2024 from 264,220 in 2023.