Microsoft is poised to lay off thousands of employees as part of its effort to right-size its workforce, following significant cuts made earlier in May. According to reports, the layoffs could be announced by the end of the current fiscal year, as Microsoft shifts towards prioritizing roles in AI and cloud services amid extensive investments in infrastructure. This trend mirrors broader layoffs across the tech industry, with other companies like Google and Meta also reducing staff due to perceived inefficiencies.
In a related note, competition for AI talent is intensifying, highlighted by Meta’s reported offer of substantial bonuses to OpenAI staff, signaling a fierce struggle to attract skilled professionals. Meanwhile, tensions have arisen between Microsoft and OpenAI regarding potential funding issues, with concerns that disagreements could lead to a loss of crucial financial support. Both companies are currently navigating these complexities in their collaborative relationship.
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