News Formal

Microsoft to lay off hundreds at Azure cloud unit, Business Insider reports

  • 📰 asiaonecom
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

BENGALURU — Microsoft is cutting hundreds of jobs at its Azure cloud unit, Business Insider reported on June 3, adding to a flurry of layoffs seen in the technology and media industries in 2024. The layoffs will impact teams including Azure for Operators and Mission Engineering, according to the report.

The cuts at the Azure cloud unit come after Microsoft shed 1,900 jobs at Activision Blizzard and Xbox in January.BENGALURU — Microsoft is cutting hundreds of jobs at its Azure cloud unit, Business Insider reported on June 3, adding to a flurry of layoffs seen in the technology and media industries in 2024.

"Organisational and workforce adjustments are a necessary and regular part of managing our business. We will continue to prioritise and invest in strategic growth areas for our future and in support of our customers and partners," a Microsoft spokesperson told Reuters. Microsoft's Azure cloud is witnessing sharp growth due to the company's heavy investment in AI and its access to the coveted technologies of ChatGPT maker OpenAI through their strategic partnership.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SBR Magazine 2-year Print Subscription | Singapore Business ReviewSingapore Business Review - The Latest News, Headlines, Insight, Commentary and Analysis. Singapore Business Review covers all business news in Singapore
Source: SBRMagazine - 🏆 13. / 51 Read more »

Microsoft to pay off cloud industry group to end EU antitrust complaint, Politico reports:Microsoft is close to reaching a multimillion-euro deal with an Amazon-backed cloud lobby to get it to drop an antitrust complaint with the European Commission, Politico reported on Saturday.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »