Microsoft reportedly set to make performance-based job cuts
- Microsoft is cutting less than 1% of its workforce, which affects about 1,200 employees, as confirmed by a person familiar with the matter.
- The job cuts are part of a trend, with Microsoft having laid off 10,000 employees in 2023 and 1,900 in early 2024, despite reporting strong earnings.
- The layoffs target underperforming employees, according to a Microsoft spokesperson, who emphasized a focus on high-performance talent.
- Microsoft plans to invest $80 billion in AI development this year, amid a complex relationship with OpenAI, which it has heavily funded.
Insights by Ground AI
Does this summary seem wrong?
Coverage Details
Total News Sources0
Leaning Left0Leaning Right4Center3Last UpdatedBias Distribution57% Right
Bias Distribution
- 57% of the sources lean Right
C 43%
R 57%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage