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https://www.dailymail.co.uk/yourmoney/article-14826219/microsoft-layoffs- jobs-bloodbath-america.html

Microsoft is planning to cut thousands of jobs as it ramps up investments
in artificial intelligence.

The cuts, which will hit sales roles in particular, are part of a broader effort to streamline the company's workforce, Bloomberg reported on
Wednesday.

The layoffs are expected to be announced early next month, following the
end of the tech giant's fiscal year, the report said, citing people
familiar with the matter.

Sales teams will not be exclusively affected by the reductions, and the
timing could still change, the people told the outlet.

The terminations follow a previous round of Microsoft layoffs in May that
hit more than 6,000 people, mostly in product and engineering positions.

In April, the largest company in the world said it planned to use third-
party firms to handle more sales of software to small and mid-size
customers.

The company had a global headcount of 228,000 at the end of June 2024.

Microsoft has market capitalization of over $3 trillion, but it is looking
to rein in costs as it funnels billions into its ambitious bet on
artificial intelligence.

Microsoft declined to comment to Bloomberg about the potential job cuts.

The news comes a day after Amazon's CEO announced brutal workforce cuts as
the company also increases its use of AI.

Amazon boss Andy Jassy said he plans to reduce the company's corporate workforce over the next few years as the tech will make certain roles redundant.

Jassy told employees in a note seen by the Wall Street Journal that AI was
a once-in-a-lifetime technological advancement and it has already
transformed how Amazon operates.

'??As we roll out more Generative AI and agents, it should change the way
our work is done,' he wrote in the memo.

It is not yet clear how many workers will lose their jobs and when the
cuts will come.

'It's hard to know exactly where this nets out over time, but in the next
few years, we expect that this will reduce our total corporate workforce,' Jassy explained.

Those close to the matter told the outlet that a large chunk of the
decrease in headcount would hopefully occur via attrition. This means as employees move on their roles will not be filled.

However, this will not cover all of the reductions and layoffs are still expected to occur at some point.

Amazon is the second largest employer in the country and is seen as a bellwether for employment stability.

The company has already slowed hiring, suggesting AI is already
influencing the company's staffing needs.

It is also clear the company is betting big on the new technology, after
it revealed plans to splash $100 billion on data centers that AI depends
on.

It comes as Americans grow increasingly concerned about the impact of AI
on the jobs market.

The tech is continuing to upend the jobs market with white collar entry-
level jobs disappearing fastest and layoffs in tech, finance and
consulting gathering pace.

Earlier this month Procter & Gamble, which makes diapers, laundry
detergent, and other household items, announced it would cut 7,000 jobs,
or about 15 percent of non-manufacturing roles.


--
November 5, 2024 - Congratulations President Donald Trump. We look
forward to America being great again.

We live in a time where intelligent people are being silenced so that
stupid people won't be offended.

Every day is an IQ test. Some pass, some, not so much.

Thank you for cleaning up the disasters of the 2008-2017, 2020-2024 Obama
/ Biden / Harris fiascos, President Trump.

Under Barack Obama's leadership, the United States of America became the
The World According To Garp. Obama sold out heterosexuals for Hollywood
queer liberal democrat donors.

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