<ul><li>Microsoft is laying off 3 percent of its workforce, likely affecting thousands of staff, while investing billions in artificial intelligence.</li><li>The company's spending on AI has impacted profit margins, leading to the decision to reduce costs by cutting its headcount.</li><li>Analysts suggest Microsoft may need to annually reduce staff by at least 10,000 to offset higher depreciation levels due to continued high capital expenditures on AI.</li><li>The company's cloud margins have narrowed, prompting the need for staff cuts to better position itself in the market, particularly as it aims to expand data centers for AI computing.</li></ul>

Microsoft Cuts Thousands Of Staff Amidst Heavy AI Spending

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