Microsoft just dropped another 300+ layoffs this week—barely a month after cutting 6,000 people. So basically: MSFT is aggressively trimming costs while doubling down on AI investments. This is wild because the company still has 228k employees on payroll (as of June 2024), yet they're on a cutting spree. Remember when they laid off 10k workers back in January 2023, including the whole HoloLens team? Seems like the strategy is: slash overhead, feed the AI machine. Makes you wonder how many more rounds are coming before they hit their target. Tech companies playing the efficiency game hard rn.
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Microsoft just dropped another 300+ layoffs this week—barely a month after cutting 6,000 people. So basically: MSFT is aggressively trimming costs while doubling down on AI investments. This is wild because the company still has 228k employees on payroll (as of June 2024), yet they're on a cutting spree. Remember when they laid off 10k workers back in January 2023, including the whole HoloLens team? Seems like the strategy is: slash overhead, feed the AI machine. Makes you wonder how many more rounds are coming before they hit their target. Tech companies playing the efficiency game hard rn.