Microsoft to lay off around 3% of workforce
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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.
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We recently published a list of Top 10 AI Stocks Making Headlines on Wall Street. In this article, we are going to take a look at where Microsoft Corporation (NASDAQ:MSFT) stands against other top AI stocks making headlines on Wall Street.
Microsoft (MSFT) remains an attractive long-term company for investors as the software giant's artificial intelligence strategy is working, and its Azure segment continues to demonstrate impressive growth quarter after quarter,
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Barchart on MSN‘Let’s Have That Industrial Revolution Type of Growth’: Microsoft CEO Satya Nadella Wants 10% GDP Growth From AIIn a recent discussion posted on the company’s YouTube channel, Microsoft (MSFT) CEO Satya Nadella emphasized the importance of gross domestic product (GDP) growth over speculative revenue expectations from artificial intelligence (AI) technology.
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Microsoft began laying off about 6,000 workers Tuesday, nearly 3% of its entire workforce and its largest job cuts in more than two years as the company spends heavily on artificial intelligence.
On April 30, Microsoft reported its latest earnings numbers, which highlight one of the best reasons for buying this AI stock: its diversification. While Microsoft is an AI play and that is a big part of its long-term strategy, it doesn't define its business by any means.
Microsoft cuts 7,000 jobs to prioritize AI investments. Layoffs impact LinkedIn, Xbox, and global offices as company streamlines operations.
AI is essential to building world-class cybersecurity capabilities for our customers. We are proud that AI is infused across our technology and our product stack,” Ling said. There’s a big event coming up you don’t want to miss that will deeply explore the intersection of AI and cybersecurity: the Potomac Officers Club’s 2025 Cyber Summit.
Technology giant Microsoft has plans to trim its headcount by 3% through layoffs. CNBC first reported on the move.
After a year of lagging behind its Magnificent Seven peers, Microsoft stock has plenty of room to rise in the year ahead, Wall Street analysts say. On Thursday, analysts at both Citi and Evercore issued positive outlooks for Microsoft,