Microsoft to Lay Off , 10,000 Employees.
CNN reports that the tech giant made the announcement in a securities filing on Jan.
18.
CNN reports that the tech giant made the announcement in a securities filing on Jan.
18.
Prior to the announcement, Microsoft CEO Satya Nadella spoke about the weakened global economy at the World Economic Forum.
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No one can defy gravity and gravity here is inflation-adjusted economic growth, Satya Nadella, Microsoft CEO, via statement.
Nadella also wrote a memo to employees.
We’re living through times of significant change, and as I meet with customers and partners, a few things are clear, Satya Nadella, Microsoft CEO, via memo to employees.
First, as we saw customers accelerate their digital spend during the pandemic, we’re now seeing them optimize their digital spend to do more with less, Satya Nadella, Microsoft CEO, via memo to employees.
Nadella said the layoffs, which account for less than 5% of Microsoft's total workforce, will be completed by the end of March.
“Severance costs, changes to our hardware portfolio and the cost of lease consolidation” will cost the company roughly $1.2 billion in the second quarter.
Amazon, Meta, Salesforce and others have also made significant cuts to their staff since the beginning of the year.
Amazon, Meta, Salesforce and others have also made significant cuts to their staff since the beginning of the year.
Amazon, Meta, Salesforce and others have also made significant cuts to their staff since the beginning of the year
