Microsoft Slams 22,000 Job Cut Rumors as '100% Made Up'

• Microsoft firmly denied rumors of 22,000 job cuts, with CCO Frank Shaw calling reports "100% made up."
• Speculation, originating from an anonymous Blind post and TipRanks analysis, suggested 5-10% staff cuts across gaming, Azure, and sales.
• Rumors linked to cost pressures from Microsoft's $80 billion AI investments and CEO Satya Nadella's past comments on company size.
• The denial comes amidst Microsoft's significant investment plans in India, totaling $20.5 billion for AI adoption by 2029.
• The incident highlights ongoing job insecurity in the tech sector, even as companies invest heavily in AI.

Why It Matters: Microsoft vehemently denies widespread rumors of 22,000 job cuts, labeling them entirely false.