AI Summary
Microsoft is laying off 4,800 employees (2.1% of its workforce) as it begins its new financial year, primarily affecting its commercial sales and Xbox divisions. The company cited the changing technology industry and the need to adjust resources in response to AI's impact on the business. This follows a previous round of 9,100 layoffs a year ago.
This article was originally published on The Verge AI. Read the full story at the source.
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