Microsoft will lay off 9,000 employees, or less than 4% of the company

In a surprising move, Microsoft has revealed plans to lay off 9,000 employees, which equates to less than 4% of its global workforce, as reported by CNBC. Despite this decision, the tech giant continues to exceed expectations in its quarterly performance. In its latest earnings report, Microsoft reported an impressive 18% increase in net income year-over-year, bringing the total to $25.8 billion. This financial success highlights the company's ongoing growth, even as it undertakes significant workforce reductions. This round of layoffs marks one of several that Microsoft has implemented this year. The company has articulated that these cuts are part of a broader strategy to streamline its management structure, following trends set by other major players in the industry, such as Amazon and Meta.