Microsoft lays off more than 6,000 people as revenue jumps
tinmoewinggggggg
Updated at: 7 hours ago
{"content":"Microsoft lays off more than 6,000 people as revenue jumps
Earnings and profits exceeded analysts' expectations.
But Microsoft is laying off 3% of its employees. "We have to change to succeed in a changing market" and thousands of people were laid off.
Microsoft, which laid off 10,000 people in 2023, now has the second largest layoff ever. Microsoft, which has around 228,000 employees, has laid off 3% of its workforce, leaving around 6,500 people out of a job.
In April, Microsoft posted revenue of $70.1 billion (up 13% year-over-year) and net profit of $25.8 billion (up 18%), beating market forecasts.
Al technology investment among big tech companies is increasing, and on the other hand, we are seeing a gradual reduction of people to reduce costs.
#Microsoft ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/15/0812f0c9d8cf415287838c0373969c29.jpg"],"tags":[],"tradingPairs":[],"quotearticleid":0}