Microsoft to Lay off 10,000 Employees as it looks to Cut Costs
source: google
Job cuts, representing less than 5% of company's workforce, are largest in 8 years
source: google
Satya Nadella, announces layoff of 10,000 employees to focus on AI, control costs amid economic uncertainty
source: google
"The fact is, hiring can be adjusted swiftly, and that is what is happening,” Brad Reback, an analyst at Stifel investment bank.
source: google
"Quite frankly we in the tech industry will also have to get efficient. We will have to show our own productivity gains"
source: google
In the quarter ending in September, Microsoft had $50 billion in sales that produced $17.6 billion in profit.
source: google
The company’s annual revenue grew 58 percent over three years, during which time it hired more than 75,000 people.
source: google
These are the kinds of hard choices we have made throughout our 47-year history to remain a consequential company in this industry that is unforgiving to anyone who doesn’t adapt to platform shifts.
source: google
The layoffs, which began on Wednesday and will continue through March.
source: google
Some of the costs would come from consolidating office leases, as well as “changes to our hardware portfolio.”
source: google
“The exit out of Covid this past year was challenging,” Doug Herrington, who heads Amazon’s retail and operations business.
source: google
The business software company Salesforce said this month that it planned to lay off 10 percent of its workforce.