Wednesday, January 18th 2023
Microsoft to Reduce its Workforce by 5%, Almost 11,000 Jobs Impacted
Amidst the global economic downturns, Microsoft is reportedly joining other tech giants in reducing the amount of the company's working staff. According to Sky News, citing its sources, Microsoft will lay off as many as 5% of its workers. The company's massive team of over 220,000 employees will affect a large group estimated to be close to 11,000 people. In addition, Sky News' Wall Street Analyst source suggests that the people familiar with the matter would not be surprised if the reported figure is higher. If finalized, the decision is expected to be made official by Microsoft's chairman and CEO, Satya Nadella, on January 24.
The company's current market capitalization is $1.79 trillion, making it one of the world's most valuable companies. However, more than the investment in expanding Azure cloud services is needed to offset the stagnating consumer segment where Microsoft dominates with its Windows and Office services, so the company is forced to cut a part of its workforce. We don't have exact details on which segment is getting the highest deduction in staff; however, we expect to hear more at the company's Q4 2022 results call on January 24.
Source:
Sky News
The company's current market capitalization is $1.79 trillion, making it one of the world's most valuable companies. However, more than the investment in expanding Azure cloud services is needed to offset the stagnating consumer segment where Microsoft dominates with its Windows and Office services, so the company is forced to cut a part of its workforce. We don't have exact details on which segment is getting the highest deduction in staff; however, we expect to hear more at the company's Q4 2022 results call on January 24.
28 Comments on Microsoft to Reduce its Workforce by 5%, Almost 11,000 Jobs Impacted
A windows license is also not what it once was, microsoft itself barely cares to enforce it anymore, they make their money on volume licenses to oem's and companies, and on ads they've been increasingly pushing.
Well doubt W1zzard would keep running adds for them if they were doing all that
Only odd thing I didn't like was calling a win-10 pro key which was really a win-8.1 key so not to upfront there but they do have pretty good customer support if an issue surfaces so I'll give them that :cool:Doubtful :)
I don't intend to advise on the morality or clain some moral high ground or anything, I bought keys like this in the past and will probably do again at some point in the future, just know that there's no magic deals, someone somewhere is getting the bad end of this