Microsoft’s mass layoffs come despite a streak of profitable quarters

Microsoft began laying off about 6,000 workers, nearly 3% of its entire workforce, on Tuesday, in its largest job cuts in more than two years. The mass layoffs come just weeks after the tech giant reported strong sales and profits that beat Wall Street expectations for the January-March quarter.

So, why is the Satya Nadella-led company firing thousands if its top and bottom lines are in good shape?

Details on the layoffs

• Notices to employees began going out on Tuesday.
• Hardest hit was the tech giant’s home state of Washington, where Microsoft informed…