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Microsoft declined to comment on the report [File]
| Photo Credit: REUTERS
Microsoft is planning to cut under 2.5% of its workforce in the latest round of layoffs that could be announced as early as next week,Business Insider reported on Tuesday, citing sources.
U.S. companies have continued to trim headcount in recent months, with a fresh wave of layoffs across the technology, media and finance sectors as firms rein in costs, while investing heavily in AI infrastructure.
The layoffs will impact thousands of roles, including sales and consulting, as well as jobs at the Xbox gaming division, the Business Insider report said.
Also Read: PayPal says 220 India employees affected in latest restructuring
