Microsoft Lays Off 7,000 Employees to Prioritize AI Development

In a strategic move to bolster its position in the artificial intelligence (AI) sector, Microsoft has announced the layoff of approximately 7,000 employees, representing about 3% of its global workforce. This decision aims to reallocate resources towards AI initiatives, including significant investments in AI infrastructure and partnerships. The layoffs will affect various divisions and locations, focusing primarily on management-level roles. This restructuring aligns with Microsoft's broader strategy to streamline operations and enhance efficiency in the rapidly evolving tech landscape.

Sources:  New York Post