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More cuts, big tech fires hundreds of workers – QuiFinanza

More cuts, big tech fires hundreds of workers – QuiFinanza

Microsoft will cut more jobs. Nearly 300 fewer workers add to the cutback reported in January, which laid off 10,000. Last year’s software house He had initially announced more moderate estimates of the cuts, and then review the numbers completely. On the other hand, similar mass layoffs have been announced in recent months at several other major technology companies: Amazon, Google and Meta have also reduced their workforces, after rapidly expanding to meet needs related to the pandemic crisis.

Microsoft continues its restructuring plan

The group’s 2023 fiscal year closed on June 30, and it’s no surprise that Microsoft restructured components of its business at the start of a new fiscal year. “Manpower and organizational adjustments are a necessary and regular part of running our business. We will continue to prioritize and invest in strategic growth areas for our future and support for our customers and partners,” a company spokesperson said in a statement.

In January, CEO Satya Nadella He issued a statement indicating that the company would adjust its hardware lineup and tighten leases. Monday, July 10th Microsoft said it will cut off 276 people in Washington state. Salespeople and company representatives posted messages on social networks announcing the loss of their jobs.

Microsoft: Between the Pandemic and New Possibilities

Microsoft has already announced 10,000 layoffs in its latest round of layoffs. Some also in Italy. This cut It affected about 5% of its workforce globally and will cost the company $1.2 billion in severance and reorganization costs.
Nadella, who broke the news in a note to staff, said many parts of the world were either in a recession or anticipating a recession, while at the same time, the next big wave of computing was shining through, with advances in artificial intelligence. Microsoft is considering a multi-billion dollar investment in artificial intelligence company OpenAI, the creator of ChatGPT.

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Microsoft is looking into the future with artificial intelligence

Then Microsoft continues to cut, however It wouldn’t be the latest big tech to do so, as the giants look to tighten their belts after the pandemic periodWhen people are stuck at home due to the lockdown, they are eager to spend their money on entertainment and digital devices. Microsoft’s workforce grew by nearly 40,000 workers between June 2021 and June 2022, when it reported that it has approximately 221,000 full-time employees, including 99,000 from outside the United States. As business slowed last year, the company embarked on a series of job cuts. Prior to this latest announcement, the last 10,000 were expected to be completed by the end of the third quarter of 2023.

this Not that the sector is in recession. Microsoft is already considering an investment $10 billion in ChatGPTa chatbot that has not only fascinated millions of people who have tried it, but has been identified by many experts as the future of search.