Summary
Microsoft is laying off about 9,000 employees, affecting areas like Xbox and sales teams worldwide. The layoffs, which make up around 4% of Microsoft's workforce, are part of changes to improve how the company performs in a competitive market.
Key Facts
- Microsoft plans to lay off about 9,000 workers, which is about 4% of its workforce.
- This is Microsoft's second large layoff in months and its largest in over two years.
- Workers affected include 830 people at Microsoft's main office in Redmond, Washington.
- The layoffs impact global teams, including the Xbox video game business and sales divisions.
- Microsoft aims to adjust to a dynamic market by making organizational changes.
- Xbox CEO Phil Spencer stated that cuts would help focus on growth and improve business agility.
- Microsoft had over 228,000 full-time employees as of June 2024.
- The company continues investing in AI and infrastructure, with recent expenses around $80 billion.
