'Microsoft Lays Off Hundreds In Its Azure Cloud Business' - Business Insider
Portfolio Pulse from Benzinga Newsdesk
Microsoft is cutting hundreds of employees from its Azure cloud business, with reports suggesting as many as 1,500 job cuts. This move is part of a broader effort to streamline operations and improve efficiency within the company.
June 03, 2024 | 7:54 pm
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Microsoft is laying off hundreds of employees in its Azure cloud business, potentially up to 1,500. This move aims to streamline operations and improve efficiency.
The layoffs in Microsoft's Azure cloud business are significant but not unexpected as companies often restructure to improve efficiency. The immediate impact on the stock price may be neutral as investors weigh the cost savings against potential disruptions.
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