Microsoft Profits Reach $36.6 Billion Amid Massive Workforce Reductions
· Technology · BBC News
Microsoft reported quarterly profits exceeding $36.6 billion for the period ending in September, despite announcing plans to offer buyouts to approximately 60,000 employees. The company is reallocating resources to fund heavy infrastructure investments in artificial intelligence, including data centres and AI chips. Quarterly revenue rose 19% to $92.3 billion, largely driven by a 30% growth in its cloud computing division. The voluntary redundancy program will be extended to eligible staff across India, the US, the UK, and Canada to adapt to evolving business needs. Microsoft shares rose nearly 2.9% in after-hours trading following the announcement.
Why it matters
The move signals a major shift in Big Tech spending priorities, where companies are aggressively cutting legacy roles to finance long-term AI infrastructure bets. This transition directly impacts thousands of employees globally, including those in India's tech sector, as firms weigh the sustainability of heavy AI capital expenditure.
Read the original report — BBC News
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