Microsoft to lay off 3% of workforce, CNBC reports

The cuts will be across all levels and geographies, and are likely the largest since Microsoft laid off 10,000 employees in 2023, according to the report, which cited a company statement. Microsoft did not immediately respond to a Reuters request for comment. As artificial intelligence emerges as a major growth engine, Big Tech has been pouring money into the space while slashing costs elsewhere to safeguard profit margins.