Microsoft posts $36.6bn profit after offering buyouts to one in four workers
BBC News ● Covered by 4 sources
Microsoft reported profit of more than $36.6bn for the three months to the end of September, shortly after announcing layoffs of more than a quarter of its workforce. It said it will offer voluntary buyouts to around 60,000 workers. The result is further cost-cutting alongside continued billions in AI infrastructure spending, with investors watching whether that spending is sustainable.
Why it matters
The week, the Windows developer said it would offer buyouts to 60,000 workers as it looks to curb costs.
