Microsoft laying off about 6,000 people, or 3% of its workforce
Publishing timestamp: 2025-05-13 14:20:44
Summary
Microsoft is cutting 3% of its headcount, aiming to reduce management layers. The company reported better-than-expected results but is laying off about 6000 employees. Wall Street is upbeat on tech megacaps, but big questions loom on AI spending, China, and Trump tariffs. Microsoft CEO Satya Nadella is making sales execution changes after slower growth in Azure cloud revenue. Microsoft shares ended trading at a high price, while Berkshire Hathaway is underperforming. Vanguard sees opportunities for income and analysts believe a stock will benefit if Apple makes a foldable phone.
Sentiment: MIXED
Keywords: satya nadella, microsoft corp, crowdstrike holdings inc, technology, business news, breaking news: technology, amazon.com inc, enterprise, business,