CEO Satya Nadella said in an email to employees that the layoffs would only affect 5% of the company, but would begin this week.
reported earlier this week that the concert was about 50 people, including executives from Microsoft, who got to enjoy the musings of English rock artist Sting. The concert reportedly
occurred on Tuesday in Davos, Switzerland at the World Economic Forum and the following day the company announces iton Wednesday announcing the layoffs, some of which began the same day. “We’re living through times of significant change, and as I meet with customers and partners, a few things are clear. First, as we saw customers accelerate their digital spend during the pandemic, we’re now seeing them optimize their digital spend to do more with less,” Nadella wrote. “Today, we are making changes that will result in the reduction of our overall workforce by 10,000 jobs through the end of FY23 Q3.
months, with some of the titans like Microsoft and Google making huge cuts to their workforce while citing economic uncertainty. Amazon also wound up announcing a plan to
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