We always hate reporting news like this, but it's got to be done - Microsoft is announcing more job cuts today, spanning 3% of the company "across all levels, teams and geographies" according to a report by CNBC. In a statement, Microsoft said the cuts would "best position the company for success in a dynamic marketplace":

Microsoft announces massive layoffs - 3% of its global workforce will lose their jobs. This could be the company's biggest job cuts since a major „wave” in 2023.

Microsoft has confirmed another round of massive layoffs. The company told CNBC that it's laying off 7,000 people, or about 3% of its workforce. The company employed 228,000 people as of June 2024.