Microsoft to cut up to 9k more jobs as it invests in AI
10 months ago
- #AI
- #Microsoft
- #Layoffs
- Microsoft announces layoffs of up to 9,000 employees, affecting 4% of its global workforce.
- Xbox gaming unit and several studios, including The Initiative (Perfect Dark reboot), Turn 10, and ZeniMax Online Studios, are impacted.
- Microsoft is investing $80 billion in AI infrastructure, including data centers and chips.
- The company has hired British AI pioneer Mustafa Suleyman to lead its new Microsoft AI division.
- Microsoft's relationship with OpenAI, the creator of ChatGPT, has reportedly grown tense.
- Meta is aggressively recruiting top AI talent, offering signing bonuses exceeding $100 million.
- Amazon CEO Andy Jassy predicts AI will replace some of the company's workers.