The July Purge: Microsoft Reportedly Plans Thousands of Layoffs as AI Restructuring Hits Xbox, Sales
- Microsoft plans to lay off fewer than 2.5% of its global workforce, impacting employees in sales, consulting, and the Xbox division, with the announcement expected as early as next week.
- This will be Microsoft's third major layoff in just over a year, following cuts of 6,000 jobs last May and 9,000 jobs last July.
- Xbox faces significant job cuts and restructuring amid revenue pressures and price increases due to rising component costs and economic factors.
- Microsoft's layoffs align with a broader trend among Big Tech companies to reduce staff to support major investments in artificial intelligence infrastructure.
15 Articles
15 Articles
DECRYPTAGE - These announcements are expected to be formalized from Monday. The group's video game activities are at risk, despite tens of billions of dollars spent.
The July Purge: Microsoft Reportedly Plans Thousands of Layoffs as AI Restructuring Hits Xbox, Sales
Microsoft is preparing to cut thousands of jobs worldwide in July as part of a fresh restructuring tied to its AI strategy, with roles in Xbox and sales among those expected to be hit, according to a report. The layoffs, which have not yet been publicly announced by the company, were detailed by sources and are expected to affect less than 2.5 per cent of Microsoft's workforce. For context, July job cuts have become a grimly familiar pattern at …
Microsoft is planning a new cut in its workforce. The technology, led by Satya Nadella, closed June with its worst monthly stock market performance since December 2000, accumulating a devaluation of 19%, the equivalent of a loss of $650 billion (569.7 billion at the current exchange rate) in stock market capitalization, reported the Seattle Times. This cut should affect less than 2.5% of the workforce, which currently stands at 220,000 workers, …
Microsoft to slash thousands of jobs as AI spending concerns fuel third major layoff round in a year: report
Microsoft is reportedly planning yet another round of layoffs that will slash thousands of roles next week in an effort to cut costs, as concerns about out-of-control AI spending mount.
Microsoft plans to lay off thousands as AI spending reshapes its workforce - Tech Startups
Microsoft is preparing another round of job cuts that could affect thousands of employees, according to a new report. The layoffs, which could be announced as early as next week, come as the software giant continues to pour tens of […] The post Microsoft plans to lay off thousands as AI spending reshapes its workforce first appeared on Tech Startups.
Coverage Details
Bias Distribution
- 80% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
