Microsoft to slash 9,000 jobs in latest brutal cut amid AI push: report

Group 1 - Microsoft announced layoffs of approximately 9,000 workers, representing less than 4% of its global workforce, as part of its restructuring efforts [1][4] - The company has already cut over 10,000 jobs in 2023, including a previous round of layoffs in May that affected more than 6,000 positions [4][5] - The layoffs aim to streamline management layers and reallocate resources towards artificial intelligence initiatives [1][3] Group 2 - Microsoft reported nearly $26 billion in net income and $70 billion in revenue for the most recent quarter, exceeding Wall Street expectations [3] - The company is projecting a strong revenue growth of 14% year-over-year, driven by its Azure cloud business and corporate software subscriptions [6] - Microsoft shares have increased by more than 17% so far this year [6] Group 3 - The company is considering pausing negotiations with OpenAI regarding the size of its future stake, while relying on an existing contract with OpenAI through 2030 [7] - Other software companies, such as Chegg and CrowdStrike, have also reduced their workforces this year [7]