tech
Microsoft plans thousands of job cuts, impacting less than 2.5% of workforce
Microsoft is planning job cuts that are expected to affect areas such as sales, consulting, and Xbox as it ramps up AI spending.
TL;DR
- Microsoft plans to announce job cuts impacting thousands of roles soon.
- Affected areas include sales, consulting, and the Xbox gaming division.
- The layoffs are expected to be less than 2.5% of Microsoft's 220,000-person workforce.
- The company is increasing spending on artificial intelligence (AI).
- A voluntary retirement program earlier this year allowed about one-third of eligible US employees to take buyouts.
- Xbox layoffs were foreshadowed by new CEO Asha Sharma's call for a 'reset'.