Microsoft lays off employees in new round of cuts

Microsoft has recently conducted another round of layoffs affecting multiple teams and geographies, with a focus on product and program management roles. The exact number of employees impacted was not disclosed by the company. These layoffs are part of Microsoft's ongoing efforts to manage its business effectively, with a spokesperson emphasizing the importance of organizational adjustments for future growth and customer support. This move follows previous job cuts, including around 1,000 positions last month and nearly 2,000 in January. Microsoft's restructuring aims to balance profit margins amidst increased capital spending for cloud infrastructure and AI applications. Despite a surge in headcount during the pandemic, Microsoft's workforce has stabilized around 227,000 employees globally. The company's strategic realignment is common as it transitions into a new fiscal year, reflecting its commitment to investing in key growth areas.