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Microsoft profits surge days after announcing major job cuts

Microsoft's profits jumped to $36.6 billion for the three months to the end of September, days after announcing plans to cut 60,000 workers. The Windows developer said it would offer buyouts to around a quarter of its workforce to curb costs as it invests in AI. The company's quarterly cloud revenue also beat estimates.

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  • ✓ Microsoft's profits for the three months to the end of September jumped to more than $36.6 billion.
  • ✓ Microsoft plans to offer buyouts to around 60,000 workers to cut costs.
  • ✓ The company's quarterly cloud revenue beat estimates.
🛡️ Source Corroboration: 21 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

Microsoft reported its quarterly profits, which surged to $36.6 billion, shortly after announcing major job cuts.

Live updates

  1. Microsoft profits surge days after announcing major job cuts

    Microsoft's profits jumped to $36.6 billion for the three months to the end of September, days after announcing plans to cut 60,000 workers. The Windows developer said it would offer buyouts to around a quarter of its workforce to curb costs as it invests in AI. The company's quarterly cloud revenue also beat estimates.

    Why it matters

    The job cuts and investment in AI are part of Microsoft's efforts to optimize its business and focus on growth areas. The company's financial performance is closely watched as a bellwether for the tech industry. Microsoft's surge in profits despite cost-cutting measures suggests a strategy to balance spending and growth.

    What is confirmed

    • Microsoft's profits for the three months to the end of September jumped to more than $36.6 billion.
    • Microsoft plans to offer buyouts to around 60,000 workers to cut costs.
    • The company's quarterly cloud revenue beat estimates.

    What to watch next

    • Microsoft's future financial performance
    • Impact of AI investment on Microsoft's business
    • Update on Microsoft's job cuts and workforce restructuring
    Sources used for this update (20)
    1. economictimes.indiatimes.com — Business News Live, Share Market News - Read Latest Finance News, IPO ...
    2. www.schwab.com — Schwab Market Update | Charles Schwab
    3. www.bbc.com — BBC Home - Breaking News, World News, US News, Sports, Business...
    4. stocktwits.com — Stocktwits - Stock Market Live Quotes, Social Community...
    5. cobak.co — Will the KOSPI 12,000 Era Arrive? The Future of the Korean Stock Market in 2027 Forecasted by Yuanta Securities | Crypto Community....
    6. gardnermagazine.com — Greater Gardner MA Local News October 2026 – Gardner News Magazine: Local News & Articles in Gardner MA
    7. Reuters — Microsoft beats quarterly cloud revenue estimates
    8. The New York Times — Microsoft’s Profit Jumps 32% Despite Big Increase in Spending
    9. Yahoo Finance — Microsoft earnings live: Microsoft beats Q1 expectations on top and bottom line on AI growth
    10. CNBC — Microsoft stock jumps 4% as cloud growth drives earnings and revenue beat
    11. BBC — Microsoft posts $33.6bn profit after offering buyouts to one in four workers
    12. www.zerohedge.com — Futures Rise As Meta Jumps On $95BN Equity Raise, Oil Slides; Brazil Crashes After Lula Shock | ZeroHedge
    confidence 90%
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