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

-Microsoft is cutting hundreds of jobs at its Azure cloud unit, Business Insider reported on Monday, adding to a flurry of layoffs seen in the technology and media industries this year.

"Organizational and workforce adjustments are a necessary and regular part of managing our business. We will continue to prioritize and invest in strategic growth areas for our future and in support of our customers and partners," a Microsoft (NASDAQ: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.

Separately, Microsoft has started restructuring its mixed reality organization but will continue to sell its augmented reality headset, the HoloLens 2, a spokesperson for the company told Reuters on Monday.Scan QR code to install app

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Politico, Business Insider parent Axel Springer inks deal with OpenAIChatGPT can cite information from Business Insider and Politico articles as part of the deal. Axel Springer will also use OpenAI’s technology.
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