Microsoft profits rise as it cuts 60,000 jobs to fund AI

Microsoft reports $36.6bn profit after offering buyouts to thousands of workers.

By Spark News Desk · 31 October 2026 at 08:21 UTC · United States, United Kingdom, Canada, India

Microsoft announced a profit of $36.6 billion for the three months to the end of September, following plans to cut 60,000 jobs through voluntary buyouts.

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Sources

Microsoft profits soar days after announcing thousands of layoffs — BBC News
Billionaire tax: how a union leader’s ‘crazy’ idea became the defining issue of California’s midterms — The Guardian

Written by the Spark News Desk with AI assistance and checked against the sources above. See our editorial policy. Spotted an error? Tell us.