Microsoft offers buyouts to 60,000 employees as AI spending mounts.
Context
What happened: Microsoft said on Monday it is offering voluntary buyouts to about 60,000 employees, more than a quarter of its global workforce, to contain costs and help fund its AI investments.
Key numbers: About 60,000 employees, more than a quarter of the global workforce. Microsoft is spending hundreds of billions of dollars on AI data centers and chips.
Why it matters: The buyouts come as investors scrutinize whether returns on Microsoft's AI spending will justify the cost.
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