Tuesday, May 13, 2025

Creating liberating content

A sign that reads “Epic Intergalactic Headquarters” on campus. Epic

Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images

Robert Downey Jr. is one of the most talented and

The interesting people “We sometimes encounter people, even perfect strangers,

Related News

A sign that reads “Epic Intergalactic Headquarters” on campus. Epic Systems CureIS Healthcare, a managed care services company, filed a civil lawsuit against Epic Systems on Monday night, alleging the

Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images Financial technology company Chime on Tuesday filed paperwork to go public on the Nasdaq. The company intends to file under

Robert Downey Jr. is one of the most talented and versatile actors globally and is known for his style, charisma, and range. He rose to fame with roles in films

The interesting people “We sometimes encounter people, even perfect strangers, who begin to interest us at first sight, somehow suddenly, all at once, before a word has been spoken.” –

Cricket South Africa (CSA) demands its players, including eight members selected for the World Test Championship final, to return from the Indian Premier League (IPL) 2025 by May 26, ahead

In a strategic move to expand its luxury footprint in Eastern India, ITC Hotels on Tuesday announced that it has signed a management agreement for a new property under its

Trending News

In a strategic move to expand its luxury footprint in Eastern India, ITC Hotels on Tuesday announced that it has signed a management agreement for a new property under its

NEW DELHI: India’s major ports saw a 4.3 per cent increase in cargo handling, reaching 855 million tonnes in Fiscal Year 2024-25. The growth was led by higher volumes in

SpiceJet on Tuesday announced it will resume its Haj 2025 operations from Srinagar starting May 14, with two flights scheduled to depart for Medina. This comes a day after Srinagar

India’s leading two-wheeler manufacturer, Hero MotoCorp, reported a 6% year-on-year (YoY) increase in its standalone net profit, reaching Rs 1,081 crore for the fourth quarter of FY25.The company also saw

India plans retaliatory tariffs on US steel and aluminium duties under WTO norms India on Monday proposed to impose retaliatory tariffs on US products under World Trade Organisation (WTO) rules,

Shares of One97 Communications Ltd, the parent company of Paytm, tumbled 5 per cent to their day’s low of Rs 823.10 on the BSE during early trade on Tuesday. The

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

Most Popular Articles

Sign In

Welcome ! Log into Your Account