'Microsoft erases some losses as it denies report it cut sales quotas tied to AI'

 

• Microsoft (MSFT) shares erased some of its losses on Wednesday after it denied a report that it was cutting software sales quotas tied to artificial intelligence.
• Microsoft told CNBC it has not lowered its sales quotas or targets for its salespeople. In a statement provided to Seeking Alpha, a Microsoft spokesperson said report was incorrect. “The Information’s story inaccurately combines the concepts of growth and sales quotas, which shows their lack of understanding of the way a sales organization works and is compensated,” the spokesperson said. “Aggregate sales quotas for AI products have not been lowered, as we informed them prior to publication.”
• Shares fell on Wednesday after The Information reported that the tech giant is cutting software sales quotas tied to artificial intelligence. The Windows maker has lowered its forecast for how fast customers will be able to spend money on AI agents, after a number of salespeople missed their goals, the news outlet added, citing people familiar with the matter. The quotas have been missed across multiple divisions, two salespeople in Microsoft's Azure unit told the news outlet.

https://www.msn.com/en-us/money/companies/microsoft-erases-some-losses-as-it-denies-report-it-cut-sales-quotas-tied-to-ai/ar-AA1RDxMW