Microsoft To Slash More Jobs After Laying Off 10,000 Employees In January
Portfolio Pulse from Benzinga Newsbot
Microsoft Corporation (NASDAQ:MSFT) has confirmed additional job cuts following the 10,000 layoffs announced in January. The exact number of cuts in this latest round remains undisclosed. The layoffs are part of a broader trend in the tech industry, with companies shedding workers in response to macroeconomic pressures and changing customer priorities. The layoffs have reportedly targeted the AI team, as Microsoft intensifies efforts to release AI tools faster than its competitors.
July 11, 2023 | 6:36 am
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Microsoft is making further job cuts, which could potentially impact the company's productivity and innovation. The layoffs have reportedly targeted the AI team, which could affect the speed at which Microsoft releases AI tools.
Job cuts can lead to a decrease in productivity and innovation, particularly if they target key teams like the AI team. This could potentially slow down the release of new AI tools, which could impact Microsoft's competitive position in the market.
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