Microsoft is the Latest Company to Reduce its Workforce Over AI. It's Offering Buyouts to Tens of Thousands.

Anthropic, an AI company, has committed to spending $44.9B with Microsoft from 2026-2033, part of $400B+ in cloud infrastructure commitments. The company reported a $80.7B GAAP loss in H1, mostly due to debt valuation changes. Anthropic's IPO is expected at a $2T valuation, with debates on its growth prospects and risks.

Microsoft is offering voluntary buyouts to 60,000 employees, about 25% of its global workforce, as it increases investment in AI.

Microsoft is offering voluntary buyouts to 60,000 employees, about 27% of its global workforce. Eligible staff in the U.S., Canada, India, and the U.K. can receive severance, stock vesting, and health coverage. The company expects a lower take-up rate than a previous program. Microsoft shares rose 1% on the news.

Microsoft (MSFT) offers voluntary buyouts to 60,000 employees, about 27% of its workforce, as it balances AI spending with financial efficiency. The move follows earlier job cuts and retirement programs. Employees have until early December to decide. MSFT reports Q3 results Wednesday.

Anthropic, an AI developer, filed for an IPO under the symbol 'ANT,' reporting $16.3B in revenue and $80.7B in losses for the first half of 2023. The company has multiyear, non-cancelable deals with Alphabet, Nvidia, Microsoft, and Amazon, committing to billions in spending. Alphabet's deal is valued at $114.5B from 2026 to 2033. The IPO is expected to value Anthropic above $1T, providing a new funding source for these commitments.

Microsoft is offering voluntary buyouts to about 60,000 employees, or more than a quarter of its global workforce, to cut costs and fund AI investments. The offer, available in Canada, India, the UK, and the US, excludes certain units. Microsoft shares rose 1% on Monday. The company is expected to report Q1 results on Wednesday.