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Microsoft shares slide after job cuts and H-1B filings
The company cut 4,800 jobs and filed 2,879 H-1B labor condition applications, while investors also weighed Microsoft’s planned roughly $190 billion in 2026 capital spending, much of it for AI data centers.
Microsoft has cut 4,800 jobs and filed 2,879 H-1B labor condition applications, developments now tied to a broader market reassessment of the company, according to Yahoo Finance. The article notes that investors have already seen Microsoft’s market value drop by about $1.2 trillion from its peak last October, with attention shifting beyond the visa-related headlines. Yahoo Finance points to Microsoft’s capital spending plan for 2026, which the outlet says totals about $190 billion, largely aimed at AI data centers. It adds that about 1,600 of the job cuts were in the Xbox division, and that Xbox leadership previously described the business as running at substantially lower margins than comparable peers. The piece also cites Microsoft’s April commentary on costs and margins, including an expectation that expenses would grow about 7% for Q4, and that margins should still improve in fiscal 2026 even after about $900 million in one-time retirement costs. It further says that during the three months ended March 31, Microsoft reported revenue of $82.9 billion, up 18% year over year, and profit of $31.8 billion, up 23%, while detailing details around its voluntary retirement program.