Microsoft is reportedly planning thousands of layoffs as it spends on AI

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Microsoft has been engaging in a series of layoffs

July 1, 2026, 5:29 a.m. ET

Microsoft is reportedly planning to announce thousands of layoffs as the company aims to increase spending on artificial intelligence.

The tech giant is expected to cut less than 2.5% of its overall workforce of about 220,000 people, according to people familiar with the matter, Business Insider reported on Tuesday night.

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Nora Redmond is a MarketWatch reporter based in London.

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Microsoft is reportedly planning thousands of layoffs as it spends on AI

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