Microsoft Cuts Less Than 1% Of Workforce, Citing Performance, As AI Hurdles Persist

Microsoft Cuts Less Than 1% Of Workforce, Citing Performance, As AI Hurdles Persist

Microsoft is cutting less than 1 of its workforce across departments based on employee performance, according to a spokesperson. The company had 228,000 employees as of June. Microsoft’s stock rose 12 last year, underperforming the Nasdaq's 29 gain, despite a net income margin near a two-decade high. The company also faces challenges with its AI partner OpenAI, which it has funded with over $13 billion. The partnership, described as having “cooperation tension” by CEO Satya Nadella, has yet to yield widespread adoption of Microsoft’s AI-driven tools like the Microsoft 365 Copilot. Revenue growth in its Azure cloud unit is expected to accelerate this year due to increased AI infrastructure capacity.


User: Benzinga

Views: 148

Uploaded: 2025-01-10

Duration: 00:50

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