Microsoft Corp. is cutting around 9,000 jobs, its second major wave of layoffs this year, to control costs and increase spending on artificial intelligence.
The layoffs will affect less than 4% of the company's total workforce, across teams, geographies, and tenure, and aim to streamline processes and reduce management layers.
The job cuts may help offset rising spending on AI infrastructure and reflect a greater push to use AI tools internally, according to an analyst with Bloomberg Intelligence.