Microsoft made the decision to reduce their workforce even further in response to the widespread practise of downsizing that is currently taking place at technology organisations. For more updates newsyorbit.com
The public and the general media are criticising the corporation because it held a private concert for its elite staff just one day before Microsoft announced its plan to lay off 10,000 employees. Sting, whose real name is Gordon Matthew Thomas Sumner, was one of the performers at the show.
Microsoft
Microsoft has revealed that there will be layoffs beginning in the first quarter of 2023 and continuing through the third quarter of 2023, which will affect around five percent of the company’s staff.
They explained the layoff by blaming the post-pandemic restriction of spending elsewhere in the world. This news is obviously unpleasant, but the timing is made even more difficult by the fact that some of the company’s top team was in Switzerland the night before the announcement.
The timing is already problematic enough on its own. The concert was held on Tuesday evening in the Davos ski resort, and it was attended by a select group of approximately fifty staff members.
The entire situation was made much more difficult by the fact that there were statements made in the past by a Microsoft spokesman that previously refuted any rumours of layoffs. This made the situation even more difficult. The staff were left perplexed and anxious as a result of this development.
In the most recent few months, a number of significant technological companies, such as Amazon, have implemented deliberate staff adjustments in reaction to the present economic circumstances.
These decisions to reduce their personnel numbers have been driven by a number of factors, including the sluggishness of the economy, excessive inflation, and rising interest rates. On the other hand, the timing of Microsoft’s concert clearly left a bad flavour remaining in the air, and that much is for certain. For more updates newsyorbit.com
