Microsoft confirmed on Wednesday that it plans to cut about 10,000 jobs this quarter. Facing the prospect of economic uncertainty, the company will continue to consolidate resources to control costs and refocus on strategic priorities such as artificial intelligence (AI). Microsoft CEO Satya Nadella announced the layoffs in a statement. The layoffs are expected to affect less than 5% of Microsoft’s workforce, he said. To the outside world’s slight surprise, Microsoft denied the reports late Tuesday. “Like all companies, we regularly review our business priorities and structure accordingly,” a company spokesman said. | Related reading (First Finance and Economics)
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