Microsoft is laying off 4,800 employees
Summary
Microsoft has announced the layoff of approximately 4,800 employees, representing 2.1 percent of its workforce, as it enters a new financial year. The reductions primarily affect the company's commercial sales and Xbox divisions, with the latter facing plans to eliminate roughly 20 percent of its roles. Chief People Officer Amy Coleman stated that these changes are necessary to adjust resources in response to the evolving impact of AI on the technology industry, though she clarified that the eliminated roles are not being directly replaced by AI. To mitigate the impact, Microsoft continues to prioritize redeployment and recently utilized a voluntary retirement program.
(Source:The Verge)