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,
ServiceNow has been cutting several hundred jobs as part of a global restructuring, the latest sign of pressure on the software industry. A ServiceNow spokesperson said a “low-single-digit” percentage of the company’s total staff has been affected by the cuts, which have occurred for several months this year. ServiceNow ended 2025 with 29,187 employees, so
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
