Microsoft to lay off 4,800 workers as AI revolution hits tech industry

According to reports, the move comes amid a broader reckoning across Big Tech, where AI spending is set to cross $700 billion this year, piling pressure on firms to prove the investment is paying off while they grapple with the sheer cost of rolling it out.

Microsoft to lay off 4,800 workers as AI revolution hits tech industry
According to reports, the move comes amid a broader reckoning across Big Tech, where AI spending is set to cross $700 billion this year, piling pressure on firms to prove the investment is paying off while they grapple with the sheer cost of rolling it out.