Microsoft also spent around $9.7 billion on stock buybacks and dividends ahead of the recent mass layoffs, but Nadella says the company is 'thriving.'

Microsoft has eliminated approximately 15,000 roles since May. The company’s CEO said layoffs are the “enigma of success.”

Satya Nadella addressed Microsoft employees regarding recent layoffs. He acknowledged the difficulty of the decision. Nadella stated the move is crucial for the company's AI transformation. Despite layoffs,