Friday, July 11, 2025

Creating liberating content

Market movements are expected to be influenced by India-US trade

Bitcoin soared to a fresh all-time high of $116,046.44 on

Related News

Tesla’s entry into India comes at a time when the EV maker is facing reduced sales in Europe and China. (AI image) Elon Musk-led Tesla is set to open its

Market movements are expected to be influenced by India-US trade negotiations and company earnings reports. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened

Bitcoin soared to a fresh all-time high of $116,046.44 on Thursday, driven by strong institutional demand and supportive crypto policies under US President Donald Trump’s administration.Earlier in the day, it

US President Donald Trump announced a 35 per cent tariff on Canadian imports, effective August 1. The decision was conveyed in a letter to Canadian Prime Minister Mark Carney on

A strong family is not built with birthday parties, weekend outings, or perfectly filtered photographs. It is built with truth, trust, shared effort, and a deep understanding of what really

Italian candy maker Ferrero has agreed to acquire American cereal giant WK Kellogg in a deal valued at $3.1 billion, the companies announced Thursday. The transaction includes the manufacturing, marketing

Trending News

Tesla’s entry into India comes at a time when the EV maker is facing reduced sales in Europe and China. (AI image) Elon Musk-led Tesla is set to open its

Market movements are expected to be influenced by India-US trade negotiations and company earnings reports. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened

US President Donald Trump announced a 35 per cent tariff on Canadian imports, effective August 1. The decision was conveyed in a letter to Canadian Prime Minister Mark Carney on

NEW DELHI: The UK has joined Eutelsat’s 1.5 billion euro (nearly $1.8 billion) capital raise, where Bharti Space is committing 150 million euro ($176 million), in a move that arms

Bengaluru: TCS marked its first year-on-year decline in constant currency since the Sept quarter of FY21, with lacklustre performance attributed to weak macroeconomic conditions, cautious client sentiment, delayed decision-making, and

NEW DELHI: National Highways Authority of India (NHAI) plans to bid out 124 highways and expressway projects worth Rs 3.4 lakh crore in current financial year (2025-26). NHAI has put

Microsoft to lay off approximately 6,000 employees

Word Count: 237 | Estimated Reading Time: 2 minutes


Microsoft and Meta earnings beat expectations



Microsoft and Meta earnings beat expectations in latest report

03:11

Microsoft on Tuesday said it’s cutting 3% of its workforce across the board.

The layoffs are expected to impact all levels and geographies, but will focus on reducing management levels, the company said in a statement. Notices went out on Tuesday. 

The tech giant didn’t disclose the total amount of lost jobs but it will amount to about 6,000 people. 

“We continue to implement organizational changes necessary to best position the company for success in a dynamic marketplace,” a Microsoft spokesperson said in a statement. 

“To enhance our efficiency, we will minimize redundancy by streamlining our processes, procedures and roles,” the company added.

Microsoft, headquartered in Redmond, Washington, had 228,000 employees globally as of June 2024, according to company data. Layoffs are expected to affect about 6,000 employees.

The company’s last major workforce reduction was in 2023, when it cut 11,000 workers across offices worldwide.

The news comes as the tech giant continues to post strong sales and profits. In a quarterly earnings report released last month, Microsoft said it made $70.1 billion for the quarter ending March 31, 2025, up 13% from the same period last year.

contributed to this report.



Source link

Sign In

Welcome ! Log into Your Account