Microsoft lays off 6,000 employees (3% of workforce) as part of AI-focused restructuring.
The cuts affect various teams, including software engineering, product management, Xbox, and LinkedIn, with a focus on reducing managerial layers.
The company aims to build high-performing teams by flattening management structures, not directly linking the layoffs to AI.
The layoffs reflect a broader tech industry shift towards efficiency and recalibration amid economic challenges.
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