Microsoft Layoffs
Is it true that Microsoft is laying off 10000 employees today?
It seems so. Out on a lot of major media outlets including verge and likewise.
10k jobs in engineering is really really frightening considering how much cash are they sitting on.
Does anyone know which employees are targeted? Freshers or experienced employees?
⅓ of the recruitment staff are asked to leave. Such an unfortunate state of global affairs. May God bless us all.
Gopher
Stealth
2 years ago
Ability to reverse a binary tree 🎄
ImpishGnat50
Stealth
2 years ago
Yes... it's true https://www.india.com/business/microsoft-to-layoff-over-thousands-of-employees-today-across-divisions-report-ceo-satya-nadella-microsoft-sack-workforce-latest-updates-5858636/
Blood
Stealth
2 years ago
Give that money to Open AI
So finally we are seeing 1st of its kind event AI making real people jobless . Or at least investment in AI rendering thousands jobless
Not really these layoffs have nothing to do with AI. Also Microsoft had a cash reserve of $107 billion till last quarter. They are not really in any cash crunch as such. All Tech companies over-hired last year , now that the economy is slowing down they are re-calibrating the head count.
https://blogs.microsoft.com/blog/2023/01/18/subject-focusing-on-our-short-and-long-term-opportunity/
It's official. And in words of Satya (new version of Satya Nadella in 2023, if I may say - Satya 2.0), "it's Showtime"
"overall reduction of workforce by 10,000 through Q3 2023" when read in conjunction with "continued hiring in strategic areas" means the actual number of layoffs will be much larger (to result in net 10,000 in 9 months!).
$1.2 Billion earmarked for severance is savage.
Satya 2.0 woke up today and chose violence.
https://blogs.microsoft.com/blog/2023/01/18/subject-focusing-on-our-short-and-long-term-opportunity/
Anyone impacted by layoff? Any communication done to affected employees?
https://www.indiatoday.in/technology/news/story/indian-microsoft-employee-laid-off-after-21-years-for-service-says-it-is-hitting-him-hard-2323719-2023-01-19
This is a restructuring effort, not all employees will be layed off in a single day but a quarter wide exercise across all departments
https://www.moneycontrol.com/news/trends/current-affairs/microsoft-held-sting-concert-in-davos-before-layoffs-were-announced-9908951.html
Celebrating their big bonus targets met :)
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Microsoft starts layoffs
In a 'significantly larger' job cut, Microsoft is likely to begin laying off its employees from today.
https://www.india.com/business/microsoft-to-layoff-over-thousands-of-employees-today-across-divisions-report-ceo-satya-nadella-microsoft-sack-workforce-latest-updates-5858636/
