Microsoft axes 2% of workforce as 'AI is changing how work gets done'

Microsoft said it will cut ~4,800 jobs, about 2.1% of its global workforce, as part of a restructuring to focus on its biggest growth priorities. The company’s shares fell 1.7% to $383.84 in afternoon trading. The move signals cost and execution focus, but is likely to weigh near-term sentiment.

Analysis

Microsoft said it will cut ~4,800 jobs, about 2.1% of its global workforce, as part of a restructuring to focus on its biggest growth priorities. The company’s shares fell 1.7% to $383.84 in afternoon trading. The move signals cost and execution focus, but is likely to weigh near-term sentiment.