Abdul Rahman
2 min read
In This Article:
Microsoft Corporation (NASDAQ:MSFT) is one of the 10 best AI stocks to buy according to billionaire David Tepper. Bloomberg reported on June 18 that the conglomerate is planning a new round of layoffs, this time targeting its sales division. The move is reported to be ready for implementation starting early next month.
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This round of job cuts follows two others earlier in the year. The company cut around 6,000 roles in May, primarily impacting engineering and product positions. Earlier in January, there were also smaller cuts, which the firm said were performance-based. The latest round coincides with the end of Microsoft’s fiscal year on June 30. According to Bloomberg, this timing aligns with Microsoft’s historical pattern of announcing organizational changes around its fiscal year-end.
Bloomberg also says that Microsoft has not specified the scale of layoffs, but the numbers are likely to be in the thousands. What is clear, the Bloomberg report details, is that the primary driver for this job cut is Microsoft’s strategic shift towards increased investment in AI.
Microsoft Corporation (NASDAQ:MSFT) is a global technology company. It develops and sells software, cloud services, devices, and digital solutions for individuals and organizations. Its leading products include Microsoft 365, Windows, Azure cloud platform, LinkedIn, GitHub, and Xbox.
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Disclosure: None.
