Microsoft kept its capital spending forecast unchanged on Wednesday, becoming one of the first data center giants to maintain control of the industry’s rampant AI spending. Shares rose about 8% on the news. Earlier this year, the company said it planned to spend $190 billion on capital expenditures this calendar year. On Wednesday’s earnings call,
Microsoft is offering laid-off U.S. employees up to 39 weeks of base pay for most U.S. employees, according to severance offers reviewed by Business Insider. Microsoft on Monday announced plans to lay off about 4,800 employees, or 2.1% of its global workforce. confirming Business Insider’s previous report. The US severance package includes a minimum of
