Microsoft (MSFT) intends to slash thousands of jobs, especially in sales, as part of the company’s latest efforts to trim its headcount amid heavy spending on artificial intelligence, Bloomberg’s Brody Ford and Matt Day report. The layoffs are expected to be announced in early July, following the end of the company’s fiscal year, and won’t exclusively affect sales teams, the authors say, citing people familiar with the matter.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSFT:
- Microsoft plans to cut thousands of jobs, particularly in sales, Bloomberg says
- AI Daily: Altman says Meta tried, failed to poach OpenAI talent
- Mixed options sentiment in Microsoft with shares up 0.25%
- OpenAI Undermines Microsoft (MSFT) with Cheaper ChatGPT Plans
- G7 Commits to AI and Quantum Tech in New Policy Roadmap
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue