Microsoft to Lay Off Hundreds in Azure Cloud, Mixed Reality Units, Affecting 1,500 Staffers

Jun 3, 2024, 08:07 PM

Microsoft is laying off hundreds of employees in its Azure cloud business, according to sources cited by Business Insider. The layoffs are expected to affect around 1,500 staffers in the Azure for Operators team. Additionally, Microsoft confirmed layoffs in its mixed reality division, which contributes to the HoloLens 2 augmented reality headset. Despite these cuts, the company plans to continue selling the HoloLens 2. A leaked memo from a Microsoft executive attributed the Azure layoffs to the 'AI wave.' The layoffs were reported on Monday. Microsoft trades under the ticker $MSFT.