Microsoft layoffs a 'retooling', not because of AI, says Big Tech founder Alex Kantrowitz

And another stock closing in the red is Microsoft after announcing or word of its plans to lay off more than 9,000 employees came today. This comes after 6,000 people were let go back in May. Largest number of layoffs in technology so far this year.And joining us now to discuss is Alex Canowitz, big technology founder and a CNBC contributor. Alex, welcome. Uh it's tempting to say this is about AI taking jobs, but for Microsoft, I'm not sure that's the case.I do see a movement across tech. We've talked about ...