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Stockreport

Meta slashes 8,000 jobs, or 10% of its workforce, as Microsoft offers buyouts [BNN Bloomberg (Canada)]

Microsoft Corporation (MSFT)  More Company Research Source: BNN Bloomberg
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
The company said it was making the cuts for the sake of efficiency and to allow new investments in parts of its business, as first reported by Bloomberg. Also Thursday, Microsoft said it was offering voluntary buyouts to thousands of its U.S. employees. The software giant plans to make the offers in early May to about 8,750 people, or 7 per cent of its U.S. workforce, according to two people familiar with the plan who were not authorized to speak about it publicly. While an alternative to the sudden layoffs removing tech workers from peers like Meta and Oracle, the savings are likely tied to a similar industry upheaval that is requiring huge spending on the costs of artificial intelligence. Microsoft, based in Redmond, Washington, has spent billions of dollars operating an ever-expanding global network of data centers powering cloud computing services, AI systems and its own suite of productivity tools, including the AI assistant Copilot. CNBC reported earlier Thursday on a [Read more]
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Stockreport

Meta slashes 8,000 jobs, or 10% of its workforce, as Microsoft offers buyouts [BNN Bloomberg (Canada)]

Microsoft Corporation  (MSFT) 
More Company Research Source: BNN Bloomberg
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
The company said it was making the cuts for the sake of efficiency and to allow new investments in parts of its business, as first reported by Bloomberg. Also Thursday, Microsoft said it was offering voluntary buyouts to thousands of its U.S. employees. The software giant plans to make the offers in early May to about 8,750 people, or 7 per cent of its U.S. workforce, according to two people familiar with the plan who were not authorized to speak about it publicly. While an alternative to the sudden layoffs removing tech workers from peers like Meta and Oracle, the savings are likely tied to a similar industry upheaval that is requiring huge spending on the costs of artificial intelligence. Microsoft, based in Redmond, Washington, has spent billions of dollars operating an ever-expanding global network of data centers powering cloud computing services, AI systems and its own suite of productivity tools, including the AI assistant Copilot. CNBC reported earlier Thursday on a [Read more]
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MSFT
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Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
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%
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%
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PERFORMANCE SINCE EVENT
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