Microsoft reports $52.7 billion in Q2 revenue, plans to layoff 10,000 workers

  • Microsoft reports $52.7 billion in revenue in Q2, up 2 percent from the previous year.
  • The revenue was slightly lower than analysts’ expectations of $52.9 billion.
  • Profits fell by 12 percent to $16.4 billion.
  • Microsoft is preparing for the worst and plans to layoff 10,000 workers in the upcoming third quarter.
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