Microsoft cuts 9,000 jobs in 2nd layoff round

Microsoft Corp. began job cuts that will impact about 9,000 workers, in its second major wave of layoffs this year as it seeks to control costs while ramping up on artificial intelligence spending.

- Bloomberg

Less than 4% of the firm's workforce will be impacted, a spokesperson said. The cuts will have impact across teams, geographies and tenure and are being made in an effort to streamline processes and reduce layers of management, the spokesperson added. "We continue to implement organizational changes necessary to best position the firm and teams for success in a dynamic marketplace,"