Citing people familiar with the situation, Microsoft will be laying off hundreds, if not thousands, of employees in its Azure cloud sector, per Business Insider.
Over 1,500 employees in the Azure for Operators organization were reportedly let go, with hundreds more in the Mission Engineering sector also affected.
In January 2023, Microsoft laid off an estimated 10,000 workers with another round of 1,900 employees let go in the company's Activision Blizzard and Xbox divisions.
Microsoft disclosed a 17% year-over-year increase in revenue in the company's Q3 fiscal 2024 earnings report, which came in at $61.9 billion, and a 23% increase in operating income during the same period at $27.6 billion.
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