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Happy Wednesday! Top bosses at some of the countrys leading IT firms took home enhanced salary packages last fiscal. More on this on todays ETtech Morning Dispatch.

Microsoft is reportedly laying off hundreds of employees in Azure and its mixed reality businesses.

Microsoft to lay off hundreds of employees from its Azure cloud business, impacting the Operators and Mission Engineering teams. Approximately 1,500 cuts expected.

The layoffs will impact teams including Azure for Operators and Mission Engineering, according to the report. The Azure for Operators layoffs involve as many as 1,500 job cuts, it added, citing people familiar with the situation.