Microsoft To Cut 4,800 Jobs Amid AI Push, Commercial And Xbox Restructuring

Summary

Microsoft is laying off approximately 4,800 employees, which is about 2 point 1 percent of its global workforce. These cuts are part of a restructuring in its commercial and Xbox divisions, alongside increased investments in artificial intelligence. The company's Chief People Officer has stated that the eliminated roles are not being replaced by artificial intelligence, but rather are part of a broader company restructuring and cost realignment effort.