Microsoft to lay off 3% of global workforce — roughly 7K jobs — in shift to develop AI

Microsoft is cutting roughly 3% of its global workforce as the company shifts more resources toward the race to develop advanced artificial intelligence, the company confirmed on Tuesday. The layoffs will likely impact roughly 7,000 jobs across all divisions and locations of Microsoft’s global business, the tech giant said. The company, led by CEO Satya Nadella, had 228,000 employees worldwide as of last June. “We continue to implement organizational changes necessary to best position the company for success in a dynamic marketplace,” a Microsoft spokesperson said in a statement, first...