Microsoft is planning to reduce its workforce by 3%, which could affect more than 6,500 employees worldwide.
This would be one of the largest staff reductions for the company following the 2023 cut of 10,000 people.
The decision comes despite Microsoft's strong financial performance with a revenue of $70.1 billion and net income of $25.8 billion in the last quarter.
The layoffs are anticipated to impact employees across all levels, locations, and teams and are not related to performance issues.