Microsoft is laying off around 3% of its workforce, CNBC reported on Tuesday, as the technology giant looks to rein in costs while funneling billions into its ambitious bet on artificial intelligence.

As first reported by CNBC, Microsoft will be laying off 3 percent of its global workforce in an aim to streamline its operations and thin out its management structure. The layoffs will be felt across all teams,

Microsoft employees have faced a series of layoffs over the past year. Microsoft is laying off more than 6,000 employees, around three percent of the company’s entire workforce. These are the biggest job cuts at Microsoft since it laid off 10,

OpenAI and Microsoft (MSFT.O), opens new tab are rewriting terms of their multibillion-dollar partnership in a negotiation designed to allow the ChatGPT maker to launch a future IPO, while protecting the software giant's access to cutting-edge AI models,

Microsoft CEO Satya Nadella speaks at OpenAI DevDay on Nov. 6, 2023 as Sam Altman looks on. (GeekWire File Photo / Todd Bishop) The news: OpenAI and

As OpenAI eyes a public offering, discussions with Microsoft focus on future technology access and investment structures.