Microsoft has cut approximately 4,800 roles, accounting for about 2.1% of its global workforce, as the tech industry grapples with the impact of artificial intelligence (AI). This move is part of a larger trend where companies report record revenues while cutting workforces, often citing AI as a key factor. Several major tech companies have announced significant layoffs this year, citing AI as a factor, including Oracle, GitLab, and Google. Read more...
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