Microsoft posts $36.6bn profit after offering buyouts to one in four workers

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• Published30 minutes ago

Technology giant Microsoft says its profits for the three months to the end of September jumped to more than $36.6bn (£27.5bn), just days after announcing plans to cut its workforce by more than a quarter.

On Monday, the Windows developer said it would offer voluntary buyouts to around 60,000 of its workers to cut costs as it pours billions of dollars into artificial intelligence (AI).