Sen. ) criticized corporate tax incentives after Microsoft Corp.
(NASDAQ:MSFT) reported billions in profits last year while significantly reducing its workforce. " He called the argument that tax breaks lead corporations to create jobs "a total scam," directly challenging a frequently cited justification for business tax incentives.
Microsoft did not immediately respond to Benzinga’s request for comment. — Sen.
Bernie Sanders (@SenSanders) October 28, 2026 Read Also: Microsoft Could Swing By $184 Billion After Earnings Microsoft Cuts Jobs, Faces Visa Restrictions Sanders’ comments come on the heels of report that Microsoft asked roughly 60,000 employees to consider buyouts with compensation packages, citing cost reduction and workforce changes. K.
Some data center, sales and marketing employees are excluded. The program offers terms similar to standard severance and is intended to help employees already considering leaving, while allowing the company to adjust its workforce to changing business needs.
The tech giant has cut tens of thousands of jobs in previous layoffs. Its July retirement offer was accepted by more than 30% of the roughly 8,750 eligible employees.
The latest move also comes weeks after the Trump administration suspended Microsoft and Adobe Inc. S.
residency. Notably, the move does not affect current H-1B visa holders directly but restricts a common pathway for skilled foreign workers to obtain permanent residency.
Microsoft Earnings Put AI Growth in Focus Microsoft is set to report its fiscal first-quarter earnings on Wednesday after hours. Overall, the company has delivered 14 consecutive quarters of double beats through the fourth quarter.
S. com Inc.
(NASDAQ:AMZN) and Alphabet Inc. " He views Microsoft as the clearest investment opportunity, with Azure growth and the pace at which new capacity is absorbed serving as key indicators of whether strong demand can justify rising capital spending.
87%, as per Benzinga Pro. 33.
