
Microsoft to lay off 9,000 employees in latest workforce reduction
7 days ago
Microsoft will lay off about 9,000 employees, less than 4% of its global workforce, across teams and geographies. This follows earlier cuts of over 6,000 jobs in May and 300 in June. The company aims to reduce management layers to increase agility. Despite layoffs, Microsoft reported strong financial results with $26 billion net income and $70 billion revenue in the March quarter, driven by growth in Azure and productivity software.