Microsoft has announced 6,000 job cuts, representing nearly 3% of its workforce, as part of a strategy to streamline operations and prioritize investments in artificial intelligence.
Microsoft began laying off 6,000 employees, marking its largest job reduction in over two years. These cuts, which affect roles across all levels and departments, are aimed at reducing management layers and aligning the workforce with evolving company priorities.
The decision follows Microsoft’s robust financial performance earlier this year and reflects broader industry trends as tech giants adjust strategies post-pandemic. Chief Financial Officer Amy Hood emphasized the importance of agility and high-performing teams, while the company continues significant investments in AI infrastructure and technology.
Employees in the U.S., including nearly 2,000 at the Redmond headquarters, were heavily impacted. The layoffs also extend to areas like Xbox and LinkedIn, with some executives sharing emotional messages about the decision's impact on staff.
Despite the layoffs, Microsoft remains focused on its long-term vision, particularly around the potential of artificial intelligence to transform work processes and products.
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A senior figure in Russia’s defence establishment, Timur Ivanov, has been sentenced to 13 years in prison after being found guilty of corruption, amid an escalating crackdown on high-level misconduct.
As the Dalai Lama turns 90, the question of his successor is drawing global attention — not just spiritually, but a deeply political one for China, India, and the U.S.
China’s resale home prices fell at an accelerated pace in June, deepening concerns about the country’s ailing property market and underscoring the limited impact of recent government support measures, a private survey showed on Tuesday.
Azerbaijan's Interior Ministry has dismantled two criminal groups in Baku, detaining Russian nationals suspected of trafficking drugs from Iran and conducting cyber fraud operations.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
The Asian Infrastructure Investment Bank (AIIB) and the Arab Fund have signed a memorandum of understanding to formalize a strategic partnership focused on advancing sustainable infrastructure in shared priority regions.
Tesla’s new car registrations plunged sharply in June, dropping 64.4% in Sweden and 61.6% in Denmark compared to last year, highlighting growing challenges for the U.S. electric vehicle maker in these Nordic markets.
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Gold prices edged higher on Monday after slipping to their lowest level in more than a month, supported by a weakening U.S. dollar and easing geopolitical tensions that have tempered safe-haven demand.
The French Riviera town of Cannes will restrict large cruise ships from docking starting from January 2026, as part of new efforts to manage over tourism and protect local infrastructure.
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