Microsoft will cut about 4,800 jobs, nearly 2.1% of its workforce, as it boosts AI investments and improves efficiency. The move reflects a wider tech trend, with companies like Amazon and Meta also trimming staff amid rising AI costs. Global AI spending may exceed $700 billion by 2026. Microsoft shares have fallen 23% in the first half of 2026.
Business
Microsoft Cuts 4,800 Jobs As AI Spending Surges
