Microsoft (NASDAQ: MSFT) just became the latest tech giant to thin its workforce. In a memo to employees shared publicly, CEO Satya Nadella said the company was eliminating 10,000 jobs, less than 5% of its workforce. Much like Meta Platforms, Amazon, and Salesforce, which have all announced layoffs in recent weeks, Nadella noted the whipsaw effect in the economy, saying that demand for technology accelerated during the pandemic, but has since slowed as much of the world is either in a recession or anticipating one. Read More...
Microsoft (NASDAQ: MSFT) just became the latest tech giant to thin its workforce. In a memo to employees shared publicly, CEO Satya Nadella said the company was eliminating 10,000 jobs, less than 5% of its workforce. Much like Meta Platforms, Amazon, and Salesforce, which have all announced layoffs in recent weeks, Nadella noted the whipsaw effect in the economy, saying that demand for technology accelerated during the pandemic, but has since slowed as much of the world is either in a recession or anticipating one.
