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Microsoft confirms performance-based job cuts across departments

Microsoft said it's cutting a small percentage of jobs across departments, based on performance.

While the company's net income margin of nearly 38% is close to its highest since the early 2000s, Microsoft's stock underperformed its peers last year, rising 12% while the Nasdaq gained 29%. Microsoft CEO Satya Nadella used the phrase "cooperation tension" while discussing the relationship with investors Brad Gerstner and Bill Gurley on a podcast released last month. Finance chief Amy Hood said in October that revenue growth from Microsoft's Azure cloud will speed up in the first half of this year because of greater AI infrastructure capacity.

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