The layoffs, which affect thousands of employees, come soon after the tech titan issued an optimistic financial forecast.

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.

On Tuesday, Microsoft confirmed a CNBC report that it will be laying off three percent of its workforce. Given that the tech giant had around 228,000 employees as of June 2024 (per the news outlet), that amounts to roughly 6,

Microsoft's shares have surged by nearly 16% following the announcement of a 3% workforce reduction, impacting over 6,000 employees globally. This restructuring aims to streamline operations, flatten management,

Microsoft, which is cutting 3% of its headcount, had 228,000 employees as of last June. The maker of Windows and Word is aiming to reduce management layers. Microsoft on Tuesday said that it's laying off 3% of employees across all levels and geographies.