Microsoft plans to cut thousands of jobs, particularly in sales, Bloomberg says

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.