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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Chinese Foreign Minister Wang Yi has held a phone conversation with his Venezuelan counterpart Yvan Gil at the latter’s request.
Thousands of farmers have driven tractors into Brussels to protest a proposed trade agreement between the European Union and the South American bloc Mercosur.
Iranian Foreign Minister Abbas Araghchi wrapped up visits to Belarus and Russia during which he held high-level talks on closer bilateral relations and major regional developments.
Brazil’s Senate has approved a bill that could sharply reduce the prison sentence of former president Jair Bolsonaro, a move that is expected to face strong opposition from President Luiz Inácio Lula da Silva and the Supreme Court.
The latest clashes between Thailand and Cambodia mark a dangerous escalation in one of Southeast Asia’s oldest and most sensitive disputes.
In the complex world of international diplomacy, the ongoing tensions between India and Pakistan have raised significant questions about the role of third-party mediation.
Citizens from an additional seven countries, including Syria, are being banned from travelling to the U.S. from the 1st of January next year. President Donald Trump made the annoucement on Tuesday (16 December) now has a total of 39 countries banned from entering the States.
Austria’s public broadcaster ORF, which is hosting the Eurovision Song Contest next year, has said it will not block Palestinian flags in the audience or suppress crowd reactions during Israel’s performance.
President of the Republic of Azerbaijan Ilham Aliyev is visiting the United Arab Emirates at the invitation of President Sheikh Mohamed bin Zayed Al Nahyan on Wednesday, 17 December, as the two countries seek to further strengthen their partnership.
Warner Bros Discovery’s board rejected Paramount Skydance’s $108.4 billion hostile bid on Wednesday (17 December), citing insufficient financing guarantees.
Ford Motor Company said on Monday it will take a $19.5 billion writedown and scrap several electric vehicle (EV) models, marking a major retreat from its battery-powered ambitions amid declining EV demand and changes under the Trump administration.
Iran has rolled out changes to how fuel is priced at the pump. The move is aimed at managing demand without triggering public anger.
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) cut its benchmark interest rate by 25 basis points to a range of 3.50% to 3.75% following its two-day policy meeting, according to an official statement issued on Wednesday, 10 December.
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