Microsoft cuts hundreds more jobs after firing 6,000 last month
Baku, June 3, AZERTAC
Microsoft cut hundreds more jobs just weeks after its largest layoff in years, underscoring the tech industry’s efforts to trim costs even as it ploughs billions of dollars into artificial intelligence, according the Economic Times.
The artificial intelligence boom has roiled the tech labour market because companies are prioritising AI-focused jobs and harnessing the technology to save money.
Microsoft and peers including Meta Platforms have touted the effectiveness of AI-assisted coding tools in speeding up the software development process. Last week, Salesforce said the internal use of AI has allowed it to hire fewer workers.
Microsoft’s previous layoffs fell hardest on software engineers. It couldn’t be determined what kind of jobs were affected Monday. As of June 2024, the company had about 228,000 full-time employees, 55% of whom were employed in the US.
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