Category: Markets
Published: 2026-07-06T15:13:23.000Z
Microsoft announced it will cut 4,800 jobs, or 2.1% of its global workforce, as it restructures to prioritize artificial intelligence investments. The layoffs will primarily affect its commercial and Xbox organizations, with Xbox alone eliminating about 3,200 positions. Microsoft's Chief People Officer Amy Coleman stated that the job reductions are not a direct result of AI replacing employees but acknowledge AI is changing how work is done and tasks can be automated.
News summary curated and translated by CausifyMarket. Always consult original sources before making any financial decision.