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Microsoft confirms 9000 layoffs in strategic pivot to artificial intelligence
Microsoft is set to eliminate up to 9,000 positions, about 4% of its workforce, impacting various divisions including Xbox. This decision aligns with a substantial $80 billion investment in AI infrastructure and the appointment of AI pioneer Mustafa Suleyman. Despite layoffs, Microsoft's stock remains strong, reflecting a strategic shift towards AI and long-term competitiveness.
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