🤖 Microsoft Layoffs: Microsoft Cuts 6,000 Jobs Amid $80B AI Investment

• Microsoft is laying off approximately 6,000 employees, about 3% of its global workforce, to reallocate resources towards artificial intelligence (AI) development.

• The layoffs affect various divisions, including LinkedIn and Xbox, and are part of a strategy to flatten management layers and enhance operational efficiency.

• Despite strong quarterly revenue of $70.07 billion, Microsoft is focusing on restructuring to sustain significant capital investments in AI, expected to reach up to $80 billion in fiscal year 2025.

• The company is also investing in AI skill development, aiming to train 500,000 individuals in rural India in collaboration with the Ministry of Electronics and Information Technology.

• Microsoft’s strategic focus on AI reflects a broader trend in the tech industry, where companies are optimizing operations to invest in emerging technologies.  New York PostBusiness Insider+1The Times+1@EconomicTimes+1The Economic Times+1

👉 Why this matters: Microsoft’s restructuring highlights the tech industry’s shift towards AI, impacting job landscapes and emphasizing the need for workforce reskilling.

🔗 Sources: NY Post, Economic Times

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