Microsoft has announced significant layoffs affecting 7,000 employees, approximately 3% of its workforce, despite recently reporting $70 billion in revenue and $25.8 billion in profit. This decision impacts staff across various levels and geographic locations, emphasizing the need for restructuring to maintain competitiveness. Previous rounds of layoffs in 2023 and 2024 saw job cuts in the Xbox division and the closure of gaming studios. Microsoft Gaming CEO Phil Spencer articulated that the cuts were necessary to ensure sustainability in a dynamic market, reflecting a broader trend in corporate restructuring.
Microsoft's latest layoffs, affecting 7,000 employees, highlight a strategic shift aimed at enhancing competitiveness despite the company's recent $70 billion revenue.
The decision to cut positions across all levels emphasizes the need to sustain a profitable and adaptive business, as outlined by CEO Phil Spencer.
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