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Microsoft to Cut About 4 Percent of Jobs Amid Hefty AI Bets

Pelican Press

By Pelican Press,
in World News

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will lay off nearly 4% of its workforce, the company said on Wednesday, in the latest job cuts as the tech giant looks to rein in costs amid hefty investments in artificial intelligence infrastructure. The company, which had about 228,000 employees worldwide as of June 2024, had announced layoffs in May, affecting around 6,000 workers. It was planning to cut thousands of jobs…

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