STORY: :: Microsoft to cut about 4% of jobs amid hefty AI bets
:: The tech giant is looking to rein in costs amid hefty investments in artificial intelligence infrastructure
:: The Windows-maker had about 228,000 employees worldwide as of June 2024
:: The company had pledged $80 billion in capital spending for its 2025 fiscal year
:: But the soaring cost of scaling its AI infrastructure has weighed on its margins
:: Microsoft said it plans to reduce organization layers and streamline its products, procedures and roles
:: Microsoft confirmed to Reuters that its gaming division was impacted by the layoffs
:: Big Tech peers like Meta, Amazon and Alphabet's Google have also announced job cuts in the past year
