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Investing.com -- Microsoft Corp (NASDAQ:MSFT). has made further job cuts, according to Bloomberg, laying off hundreds of employees just weeks after its largest workforce reduction in recent years. This move highlights the tech industry’s ongoing endeavor to manage costs while investing billions into artificial intelligence (AI).
On Monday, over 300 employees were notified that their roles had been terminated, as per a notice examined by Bloomberg. This reduction is in addition to the 6,000 layoffs announced by Microsoft last month.
A spokesperson for Microsoft confirmed the recent job cuts, explaining that these are part of the company’s ongoing organizational changes aimed at positioning the firm for success in a rapidly evolving marketplace. The surge in AI has significantly impacted the tech labor market, as companies are increasingly focusing on AI-centric roles and utilizing this technology for cost-saving purposes.
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