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Microsoft to offer buyouts to 60,000 employees in India, US, UK and Canada as it restructures workforce for AI
· LiveMint Companies
Microsoft Corp. will offer buyouts to about 60,000 workers, part of the company’s efforts to trim costs and retool its workforce for the artificial intelligence era.
The analysis
This is an Asset quality / margins event. For lenders the headline profit is the least informative line. Slippages, credit cost and margin direction determine whether the quarter is repeatable.