Source: CNBC
Summary
Microsoft announced a 2.1% reduction in its global workforce, affecting around 4,800 roles. The layoffs will primarily impact Xbox and commercial sales departments. This move is part of a larger trend of tech companies restructuring amidst concerns about AI’s impact on employment.
Our Reading
The announcement sounds ambitious.
Microsoft is cutting jobs, citing a need to “align” its resources. The layoffs will hit Xbox and commercial sales the hardest. Because what’s more “aligned” than fewer people working on Xbox? The move is part of a larger trend of tech companies “optimizing” their workforces. Microsoft joins the likes of Google, Amazon, and Meta in the layoffs club. Another day, another “strategic realignment” in the tech world.
Author: Evan Null
