Microsoft Corp. has laid off hundreds more employees shortly after its recent massive layoff of 6,000 workers, highlighting the tech industry’s cost-cutting measures despite heavy investments in artificial intelligence. The company is streamlining operations to remain competitive in the evolving tech landscape.
AI poised to slash banking costs by 20%, says McKinsey
McKinsey’s report highlights AI’s potential to significantly reduce banking costs while emphasizing the importance of early adoption for competitive advantage.