Microsoft plans to lay off thousands of employees as AI investments raise market concerns

According to the New York Post, Microsoft plans to lay off thousands of employees next week to reduce costs, with the number of affected employees being fewer than 5,500, involving the sales, consulting, and Xbox gaming business divisions. Microsoft has committed to investing $190 billion in AI infrastructure over the coming years. The market is concerned that this investment may be too high, and the stock price of a certain exchange fell by 19% in June.