Slowing demand and economic pressures are a drag, but AI waits at the end of the rainbow
Microsoft, like many other companies in a world where economies are in recession or threatened with it, is getting its expenses in line with the new revenue trends, Nadella said, adding that he wants to manage costs in the short term while investing for the long term.
"At the end of the day, just because we are a technology company doesn't mean we are the most efficient at what we do. As the paradigm has changed, as the bar has risen, we have to measure ourself with the new bar. … We're not immune to the global changes." "Overall, tech jobs [have] actually increased," he said."Tech jobs now are coming in financial services, in energy companies, in retail, manufacturing, and that's healthy because in the long run, all those employees in all those industries are going to consume more tech infrastructure."
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