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Search resuls for: "Jeffrey Dastin Yuvraj Malik"


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☆ Microsoft to shed 10,000 jobs, adding to glut of tech layoffs
  + stars: | 2023-01-18 | by ( Jeffrey Dastin Yuvraj Malik | Jeffrey Dastin | Yuvraj Malik | ) www.reuters.com   time to read: +4 min
In a note to employees, CEO Satya Nadella attempted to address the divergent outlook for different parts of the business. Nadella said the layoffs, affecting less than 5% of Microsoft's workforce, would conclude by the end of March, with notifications beginning Wednesday. Along with Amazon, Facebook parent Meta Platforms Inc (META.O) announced cuts of 11,000 jobs, while cloud-based software company Salesforce Inc (CRM.N) said it would cut 10% of its 80,000-member workforce. Under U.S. law, most employers are required to report staff cuts affecting 50 or more workers at a single location. But growth dropped to 35% in the first fiscal quarter of 2023, and the company projects more declines to come.
☆ Microsoft to shed 10,000 jobs as recession worries cloud tech sector
  + stars: | 2023-01-18 | by ( Jeffrey Dastin Yuvraj Malik | Jeffrey Dastin | Yuvraj Malik | ) www.reuters.com   time to read: +4 min
The layoffs, far larger than cuts by Microsoft last year, add to the tens of thousands of job cuts across the technology sector, which has downshifted following a strong growth period during the pandemic. Nadella said the layoffs, affecting less than 5% of Microsoft's workforce, would conclude by the end of March, with notifications beginning Wednesday. The cuts reflect broader belt-tightening in the technology sector. The CEO of another company serving enterprises, Palantir Technologies Inc (PLTR.N), this week told Reuters that reducing cloud spending was a top-ten priority for his customers. Microsoft's cloud revenues soared in recent years from an explosion in corporate demand to host data online and handle computing in the so-called cloud.
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