Microsoft plans to lay off thousands of employees, AI investment raises market concerns

According to The New York Post, Microsoft plans to lay off thousands of employees next week to cut costs, affecting less than 5500 people in its sales, consulting, and Xbox gaming business units. Microsoft has promised to invest $190 billion in AI infrastructure construction in the next few years, but the market is concerned that its investment is too high. Microsoft's stock price fell by 19% in June.