#EnterpriseSoftware

Global Tech Layoffs Cross 1.63 Lakh in 2026, AI Linked to Over 91,000 Job Cuts

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Layoff

The global technology industry has announced more than 1.63 lakh layoffs since the beginning of 2026, with artificial intelligence (AI) cited as a factor in more than 91,000 job cuts, highlighting the growing impact of AI-led restructuring across the technology sector. According to a report from TradingPlatforms, global technology companies have announced 1,63,427 layoffs since … Read more

Microsoft Smashes Records with $90 Billion Revenue as AI Boom Fuels 31% Profit Surge; Azure Crosses $100 Billion Milestone

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Microsoft

Microsoft has delivered another blockbuster financial performance, underscoring the transformative impact of artificial intelligence (AI) and cloud computing on its business. The technology giant reported revenue of $90 billion for the quarter ended June 30, marking an impressive 18 percent year-on-year increase, while net profit climbed 31 percent to $35.8 billion. The results exceeded market … Read more