Market Chatter: Microsoft Eyeing Cutbacks at Azure Cloud Rental Unit

MT Newswires Live10-14

Microsoft (MSFT) is considering significant cutbacks at its Azure cloud-server-rental unit, The Information reported Tuesday, citing an unnamed person with direct knowledge of the situation.

Girish Bablani, president of Azure, has told senior leaders of the 11,500-employee unit to come up with schemes to reduce costs by at least 20%, the report said.

The company hasn't settled on any particular cost-cutting plans, the report said.

Microsoft did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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