Microsoft to cut up to 9k jobs as it invests in AI
10 months ago
- #AI
- #Microsoft
- #Tech Layoffs
- Microsoft announces layoffs of up to 9,000 employees, affecting 4% of its global workforce.
- Several divisions impacted, including Xbox gaming unit, with reports of canceled projects like Perfect Dark and Everwild.
- Microsoft-owned studios such as The Initiative, Turn 10, and ZeniMax Online Studios also affected by job cuts.
- Microsoft plans to invest $80 billion in AI, focusing on data centers and AI model training.
- Microsoft's AI refocus includes hiring British AI pioneer Mustafa Suleyman and investing in OpenAI.
- Microsoft's AI assistant Copilot struggles to compete with ChatGPT in business adoption.
- Tech industry sees intense competition for AI talent, with Meta offering high signing bonuses to attract experts.
- Amazon CEO Andy Jassy predicts AI will replace some workers, signaling broader industry shifts.