Microsoft announced it will cut about 4,800 jobs, or 2.1% of its global workforce, mainly affecting its commercial and Xbox divisions as part of a restructuring to focus on growth priorities. The company emphasized that while AI is changing how work is done, the job cuts are not directly due to AI replacing roles. Microsoft is also redeploying employees to new roles and exploring alternatives like voluntary retirement. The restructuring process is ongoing, with more changes expected in the future.
The FTSE 100 fell 40 points to 10,639, with mixed sector performance as airlines and defence stocks gained while others like Primark owner AB Foods declined. Microsoft announced cutting 4,800 jobs to focus on growth priorities, causing a 1.7% drop in...
Microsoft announced layoffs of about 4,800 employees, or 2.1% of its global workforce, mainly affecting Xbox and commercial sales teams. The company cited rapid changes in technology and customer needs, emphasizing that AI is changing how work is don...
DA Davidson reaffirmed its Buy rating on Microsoft, setting a $550 price target, implying about 40% potential upside from current prices. The positive outlook is driven by confidence in Microsoft's AI strategy, especially the role of Microsoft Copilo...
Microsoft's stock has dropped 20% over the past year amid concerns about its $190 billion AI-related capital spending in 2026. However, the company's Commercial Remaining Performance Obligation (RPO), representing contracted future revenue, stands at...
French President Emmanuel Macron and Indian Prime Minister Narendra Modi are actively courting major tech CEOs to secure investments in AI data centers, cloud infrastructure, and semiconductor development. Macron successfully persuaded SoftBank to in...
