0:54
The company said the job cuts, changes to its hardware portfolio and consolidation of its real estate holdings would result in a $1.2 billion charge. The layoffs at Microsoft arrive in response to "macroeconomic conditions and changing customer priorities," the company said in a filing with the Securities and Exchange Commission.Shares of Microsoft fell roughly 1% in early trading on Wednesday morning in response to the news.
Satya Nadela speaks on stage at the"A Conversation with Microsoft's Satya Nadella" panel, Nov. 7, 2019, in New York City.Persistent recession fears, rising interest rates and a shift back toward a pre-pandemic lifestyle have bludgeoned the industry, experts say.
Wow
Thank God we are not in a recession! Or these will be known as the good old days?
Mmmyg
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Remember when they said we were all in this togethe? Those of us on the right always knew that was a lie. Are you all figuring it out yet Don't believe the media, they are not on your side.
Downturn? Maybe more people are just switching to apple.
This is just a correction in what has been bloated staffing levels in the tech biz. Now do the news media!
Seriously, there are TONS of jobs out there. Solar, wind farms, biomass [agriculture jobs in ca, or, wa, il, ws, oh], and more coming with wave/tidal power. President Biden says so and altho they may not pay as much the overall plan is for medicaid for all. It's Xtraterrestrial!
JamieLyle8 Can't wait until Disney ESPN and ABC does the same thing?
Thankfully the Master job creator, President Biden, has already created 125,000 new jobs to replace them! The job title is 'Vaccine Experimentation Dummy Consultant!' thankyoupresidentbiden
I wonder if this is because of the taxes they have to pay this year?
But, will they get the same social media abuse as elonmusk for making such cuts?
Microsoft
Just watched a show.saying Bill gates helped Jeffrey Epstein set up a new foundation to collect monies for the poor children in Africa...
Is this elonmusk's fault also?
Haha
Moral of story: Never be in the 5th percentile at work.
I'm glad Microsoft is doing worse after Windows 11. What a disaster
In my opinion, I think that amount of lay off is too much
feathersong Most of Microsoft's 'workforce' are contractors.
Nah! The biggest good philanthropic piece of evil crap on the entire universe? I can't believe my ears!
This pandemic is not over.
Serves them right, they stated there will be no changes after Windows 10 then they come up with Windows 11 which is incompatible with W10. People would either have to modify their present PCs or buy new ones as if money is just flowing out of their pockets.
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