Microsoft has decided to cut jobs again. This time, 300 employees will be laid off, joining more than 6,000 people who lost their jobs earlier, Bloomberg reports. The company is currently focusing on investing in artificial intelligence, which is the main reason for the staff changes.
Microsoft representatives have confirmed more layoffs in the corporation, the aim of which is to better prepare the corporation for the challenges of a rapidly changing market. This time, 300 people are to lose their jobs as part of the job reduction plan. So far, employment has already been reduced by about 6,000 positions. These were mainly software engineers and specialists in security, cloud computing, as well as teams dealing with platforms such as LinkedIn and Xbox.
They will spend $80 billion on AI
The planned layoffs are not, however, due to the company's financial performance. In the first quarter of this year, it achieved a net profit of $25.8 billion.
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According to Bloomberg, such a large reduction in the Microsoft team is caused by changes related to the boom in artificial intelligence. The company uses it intensively in its work, investing huge funds in its development. In the near future, it intends to allocate 80 billion dollars for this purpose.
After the layoffs announced in May, Microsoft employs about 228,000 people worldwide, most of whom work in the United States.
Not just Microsoft
At the end of April, Intel also announced job cuts, deciding to reduce its workforce by 20 percent, or about 21,000 people. In this way, the US chip manufacturer wants to simplify its structure and adapt to new challenges that appear in the global economy.
This year, Meta, the owner of Facebook, Instagram, and WhatsApp, also announced that it would lay off 5 percent of its employees, or 3.6 thousand people. It decided to part ways especially with the least effective employees.
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