Microsoft's AI Gets $80 Billion—While Pink Slips Print By The Thousand

Why It Matters: Several other major companies have recently made large job cuts, including Procter & Gamble eliminating 7,000 jobs over two years and Walmart slashing 1,500 positions across its technology and e-commerce divisions. Amazon.com, Inc. AMZN CEO Andy Jassy warned last week that generative AI and agentic AI will reduce the tech giant's total workforce in the next few years. Read Next: Walmart, Microsoft, Disney Slash Jobs As Trump Tariffs, AI Push Corporate America Into Layoff Mode The exact timin ...