Microsoft to Lay Off About 9,000 Employees - The New York Times

The reductions followed cuts of about 6,000 positions last quarter, and were indicative of a tightening job market at big technology companies. By Karen Weise Karen Weise has covered Microsoft since 2018. Microsoft said on Wednesday that it would lay off roughly 4 percent of its work force, or about 9,000 people, in another indication of the tightening job market at big technology companies. The layoffs follow a reduction of about 6,000 positions in May. Microsoft had 228,000 employees at the end of June 2024, its most recent disclosure. Though the outlook for the economy has been shaky in recent months, Microsoft has continued to produce multibillion-dollar quarterly profits. Its last earnings report showed unexpected strength, and investors have driven its market valuation up to almost $3.7 trillion. But Microsoft is in the middle of an expensive investment in artificial intelligence, including spending billions to lease and build data centers to support the demand for cloud computin

The reductions followed cuts of about 6,000 positions last quarter, and were indicative of a tightening job market at big technology companies. By Karen Weise Karen Weise has covered Microsoft since 2018. Microsoft said on Wednesday that it would lay off roughly 4 percent of its work force, or about 9,000 people, in another indication of the tightening job market at big technology companies. The layoffs follow a reduction of about 6,000 positions in May. Microsoft had 228,000 employees at the end of June 2024, its most recent disclosure. Though the outlook for the economy has been shaky in rec