Microsoft to Lay Off 10,000 Workers as Slowdown Hits Software Business

CEO Satya Nadella says shaky global economy warrants caution, $1.2 billion charge to earnings planned

After a period of aggressive hiring to meet heightened demand for online services during the pandemic, tech companies are now laying off many of those workers. And tech bosses are saying mea culpa for the miscalculation. WSJ reporter Dana Mattioli joins host Zoe Thomas to talk through the shift.plans to eliminate 10,000 jobs

in response to the global economic slowdown, the company’s largest layoffs in more than eight years and the latest in a string of cuts from big technology companies. The software company’s chief executive officer, Satya Nadella, wrote that the layoffs would happen before the end of March and affect less than 5% of the company’s worldwide workforce. The last time Microsoft laid off that many people was in 2014, whenContinue reading your article with

I feel sorry for the Indian restaurants.

Biden’s economy

That's a lie there is no lay offs coming

More tech cuts. Just 8 months ago my inbox was bursting with recruiters.

'we'd like to thank WEF and Bill Gates for helping us realize that 10,000 people were producing too much CO2...' If you think you're woke, you're absolutely blind to what's happening.

So sick of all these corporations, with all the endless tax breaks they receive, tossing their hands up, blaming the economy & making the economy worse by their actions. Corporate fat cats are screwing the economy.

Woow so sad

Democrats do it again, get ready for recession.

Sad to hear this, that’s a lot of people. Hope that they can find another job within a relatively small amount of time. 😭

AI can do all the same work without the 10,000 employees

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Microsoft confirms plans to lay off about 10,000 workers as tech companies cut backMicrosoft Corp. confirmed plans to lay off about 10,000 workers Wednesday amid a continued wave of job cuts in the technology sector.
Fuente: MarketWatch - 🏆 3. / 97 Leer más »

Microsoft to Lay Off 10,000 Employees as Tech Industry Struggles ContinueThe Satya Nadella-led tech giant follows Amazon, Meta and other companies in significantly scaling back its staff. I wonder what the total savings of those layoffs will be…to get some perspective, Microsoft’s CEO total compensation for 2022 was $54.9 million. Is one executive really worth that much per year to impact the operations of the company by laying off 10,000 employees?
Fuente: THR - 🏆 411. / 53 Leer más »