We always hate reporting news like this, but it's got to be done - Microsoft is announcing more job cuts today, spanning 3% of the company "across all levels, teams and geographies" according to a report by CNBC. In a statement, Microsoft said the cuts would "best position the company for success in a dynamic marketplace":

Microsoft layoffs 7,000 employees, focusing on AI and cloud growth. Learn how these layoffs impact the tech giant's strategy and workforce.

Microsoft has started the process of laying off about 6,000 people, or close to 3% of its whole workforce, the company said Tuesday.