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Microsoft's 60,000 job cuts as free cash flow focus
The hosts argued Microsoft's large workforce reduction is a mechanism for belt tightening, reflecting Wall Street's current focus on free cash flow over growth spending. Argued on Bloomberg Surveillance’s “Fed Decision and Tech Earnings”, aired 28 October 2026. The company had over 200,000 employees, and the discussion framed the cuts as a response to its commitment to high spending levels, with the market's reaction dependent on its existing financial profile.