Articles about earnings

Microsoft announces another round of layoffs as it plows money into AI

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Microsoft plans to further reduce its global workforce, having already trimmed back on employee numbers several times this year.

The company is yet to provide exact details of the number of people affected by the latest round of layoffs, and it has also not revealed which divisions are to be hit. Microsoft has confirmed, however, that the cutbacks represent less than 4 percent of its workforce, leading to estimates of around 9,000 layoffs.

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