Update
Microsoft Announces Voluntary Layoffs
The new program complements the company's efforts to reduce costs and adapt its workforce to the era of artificial intelligence, as reported by Bloomberg. The company previously announced that its capital expenditures for this year will increase threefold. The program allows departments like Xbox, Windows, Copilot, and the financial block to adapt their staff to changing needs. Employees who agree to the program will receive compensation comparable to standard severance pay, according to Microsoft. The program will be implemented across departments such as Xbox, Windows, Copilot, and the financial block. Employees in data centers, sales, marketing, cybersecurity, and quantum computing are not included. Microsoft did not comment on these details. Microsoft aims to have employees prepared for a faster pace of work and changes, as stated by the company's representative. This restructuring comes amid the company's financial strain, which has forced it to cut operating expenses amid significant investments in AI. The company previously announced that its capital expenditures for this year will increase threefold. Microsoft will publish its financial results on Wednesday, October 28th.