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

Group 1 - Microsoft Corp. is preparing for another round of layoffs, primarily affecting its sales division, as part of a broader restructuring to increase investment in artificial intelligence [1][2] - The layoffs are expected to be announced in early July, coinciding with the end of Microsoft's fiscal year, following a previous layoff of approximately 6,000 employees, which is about 3% of its global workforce [1][2] - The company has allocated $80 billion for capital expenditures this year to expand data centers and support AI operations, indicating a shift in priorities [3] Group 2 - Other major companies, such as Procter & Gamble and Walmart, have also made significant job cuts recently, reflecting a trend in corporate America towards layoffs due to economic pressures and technological advancements [3]