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Microsoft is gearing up for a significant round of layoffs, cutting about 9,000 jobs, which is less than 4% of its total workforce worldwide, reports CNBC. Despite beating expectations in its quarterly earnings, showing an 18% rise in net income to $25.8 billion, Microsoft is trimming its staff.
This move is part of their ongoing effort to reduce management layers, aligning with industry peers like Amazon and Meta. The company has already conducted several layoffs earlier this year as part of this strategy.
In the latest developments, Microsoft’s layoffs highlight its focus on streamlining operations while still maintaining strong financial health. The news comes as the company continues to innovate and grow, proving that sometimes, even big tech giants need to cut back to stay sharp!
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