Microsoft Corp (NASDAQ:MSFT) has conducted additional job cuts, according to Bloomberg data, laying off hundreds of employees just weeks after the largest workforce reduction in years. This move highlights the ongoing efforts of the tech industry to manage costs while simultaneously investing billions in artificial intelligence (AI).

On Monday, more than 300 employees were notified of the termination of their employment, according to a notice reviewed by Bloomberg. This reduction complements the 6,000 layoffs announced by Microsoft last month.

A Microsoft representative confirmed the recent job cuts, explaining that they are part of ongoing organizational changes aimed at ensuring the company's success in a rapidly changing market. The growth of AI has significantly impacted the labor market in the tech sector as companies increasingly focus on AI-related roles and use this technology to save costs.#TradingTypes101