Microsoft layoffs: Tech giant plans fresh job cuts this month; total could cross 20,000

Microsoft is reportedly preparing for significant job cuts this month, potentially impacting 11,000 to 22,000 employees. These layoffs are linked to rising AI investment costs, with funds being redirected to data centers, chips, and AI tools. Teams like Azure, Xbox, and global sales are expected to be affected, while AI research and core cloud roles remain stable.