Microsoft to cut 3% of global workforce amid AI investment focus: Report

Microsoft is laying off 3 per cent of its workforce, or roughly 7,000 employees, CNBC reported on Tuesday, as the technology giant looks to rein in costs, while funneling billions of dollars into its ambitious bet on artificial intelligence.

The cuts will be across all levels and geographies and are likely the largest since Microsoft laid off 10,000 employees in 2023, according to the report, which cited a company statement.