The company is reducing its workforce due to AI. Microsoft will announce layoffs in early July. Microsoft follows a financial year from July 1 to June 30. According to the data of June 2024, the company had 2.28 lakh full time employees. Of these, 55 percent were working in America.

There is constant pressure on Microsoft to cut expenses and increase profits. This pressure has increased since the company bought Activision Blizzard for $69 billion in the year 2023. Microsoft had earlier laid off about 6,000 employees in May 2025. In early June, news came that the company had laid off more than 300 employees.

In April itself, Microsoft had indicated that it would outsource software sales to small and medium businesses (SMBs) to third party vendors. Due to this, many internal positions of the company have now become redundant, which has further increased the need for layoffs.

The company is increasing investment in AI

Microsoft is increasing investment in AI. Many companies across various industries are accelerating the integration of AI into their products and services. Companies are now prioritizing AI-related jobs and using technology to save money. Microsoft has planned capital expenditure of $80 billion this fiscal year, most of which is aimed at expanding data centers to ease capacity constraints for AI services.

Most Read Articles:-

The post Microsoft Layoff : Microsoft is going to do layoffs again. In May, the company fired 6,000 employees. first appeared on Rightsofemployees.com.

Paytm’s sales workforce declined by nearly 3,500 quarter-on-quarter to 36,521 in the March 2024 quarter. The main reason for the reduction in the number of employees is the action taken by the RBI. The Reserve Bank of India had banned the services of Paytm Payments Bank.

One97 Communications Ltd (OCL) is helping in outplacement of employees who have resigned as part of the company’s restructuring efforts.

Also Read: Now Download PAN Card, Driving License, Class X Certificate, Vehicle RC Through WhatsApp

The company said that the company’s human resources teams are actively collaborating with more than 30 companies. However, Paytm did not disclose the number of employees affected by the restructuring.

Paytm is also offering bonuses to employees to ensure fairness and transparency in the process, according to a company statement.

RBI action

The Reserve Bank of India (RBI) had barred Paytm’s affiliate Paytm Payments Bank Limited (PPBL) from accepting deposits, credit transactions or top-ups in any customer account, wallet and Fastag, keeping in mind the interest of the customers. RBI had imposed a ban on Paytm Payments Bank Limited from March 15, 2024.

After RBI’s action, Paytm informed that the loss has increased to Rs 550 crore in January-March 2024. A year ago in the same period, the company had suffered a loss of Rs 167.5 crore.

Paytm said in its statement

It will cut its non-core business lines in its FY24 earnings release, and continue its efforts to maintain a lean organisation structure through AI-led interventions. The company is actively working towards increasing profitability.

Today Paytm shares are trading at Rs 396.20 per share with a rise of 3 percent.

The post Paytm To Layoff Employees Amidst Business Restructuring first appeared on Rightsofemployees.com.