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Microsoft Lays Off 7,000 Employees to Advance US$80 Billion AI Investment Amid Industry Shift
Microsoft is laying off 7,000 employees worldwide, or about 3% of its workforce, to support a major $80 billion investment in AI infrastructure and technology development. The cuts, affecting various departments and management levels, highlight a strategic realignment as Microsoft aims to strengthen its position in the competitive AI market while navigating macroeconomic pressures.

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Meta's Reality Labs Reports USD 4.4 Billion Loss in Q3 Amid AI Investments
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