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Microsoft laying off several thousand employees

Microsoft laying off several thousand employees

New Straits Times12 hours ago
SAN FRANCISCO: Microsoft on Wednesday said it was slashing a little less than four per cent of its global workforce as it seeks to cut layers of middle management and leverage new technologies.
"We continue to implement organisational changes necessary to best position the company and teams for success in a dynamic marketplace," a Microsoft spokesperson said in an email.
The cloud computing tech giant did not disclose the total amount of lost jobs but as of June 2024 it employed 228,000 people, bringing the latest layoffs to about 9,000 people.
The job cuts follow a round in May that saw about 6,000 positions culled from its global workforce.
The company, which is advancing in its plans to deploy AI across all its products, said it was working to "empower employees to spend more time focusing on meaningful work by leveraging new technologies and capabilities."
"Even in the best of times, we have regularly adjusted our workforce to meet the strategic demands of the business," the company added.
The company, which celebrates its 50th anniversary this year, was one of the first tech giants to double down on artificial intelligence when the launch of ChatGPT in 2022 rocked the tech industry. - AFP
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