Microsoft Plans to Lay Off 10,000 Workers

[Tsing]

Microsoft is planning to reduce its workforce for cost-cutting purposes amid growing economic uncertainty. According to a letter that Satya Nadella shared on the official Microsoft blog today, Microsoft is making changes that will result in the lay-off of 10,000 employees by FY23 Q3, a figure that would amount to 5% of the company's total employee base. Microsoft will continue to hire in "key strategic areas," however.

See full article...

 

[Uvilla]

MS is just following Fed instructions, how sweet.
Don't get the strange idea of controlling inflation by destroying the economy. What will likely happen is you end up with both.