Microsoft is laying off 3 percent of its global workforce

As first reported by , Microsoft will be laying off 3 percent of its global workforce in an aim to streamline its operations and thin out its management structure. The layoffs will be felt across all teams, levels and regions within the company and are not performance-based.

In a , a Microsoft spokesperson said, “We continue to implement organizational changes necessary to best position the company for success in a dynamic marketplace.” This latest round of layoffs follows deep cuts in 2023, when .

Microsoft and are doing all they can lately to weather a shaky economic environment, made more challenging by , a bevy of , and the demand to vying for pole position in the .

have become a over the last few years as giant companies seek to right-size from . Microsoft also recently and to drive more profits.

Last quarter, Microsoft that outperformed expectations for both revenue and profit.

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