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Microsoft to lay off 6,000 workers, 3% of staff, in new restructuring initiative

  • Microsoft is planning to lay off about 6,000 employees, which represents 3% of its workforce.
  • The restructuring initiative will focus on reducing management layers and organizational changes to enhance efficiency.
  • These job cuts are not unexpected and follow a strong quarter for Microsoft, which exceeded analyst expectations.
  • The layoffs are part of Microsoft's efforts to streamline processes and not tied to concerns about near-term business performance.

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