Microsoft Plans Thousands Of Job Cuts As Stock Suffers Worst Start In Years
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Source: Zero Hedge
Published: 2026-07-02 00:30 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Technology & AI, Economy & Finance, Financial Markets, Tax & Budget, Business & Economy
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Snippet:
Microsoft shares are on track for one of their worst starts to a year in two decades, down roughly 21% year to date as of Tuesday’s close, as a cloud and sales hiring freeze and a broader “reset” of the Xbox unit have made recent headlines. This comes on top of growing concern over Microsoft’s AI spending boom.
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