Microsoft shares fall over 1% after company announces to layoff 4,800

Microsoft announced layoffs of 4,800 employees, about 2.1% of its global workforce, with the gaming division taking the deepest cuts of around 3,200 roles. The restructuring follows heavy AI infrastructure spending across Big Tech, with total AI investment expected to exceed $700 billion this year. The move signals ongoing cost discipline at major global technology companies and comes after earlier voluntary buyouts covering roughly 9,000 US staff.