The star-studded event reportedly struck a “sour note” for some Microsoft employees.
The Journal noted that events at the World Economic Forum are likely planned far in advance of the conference.Microsoft laid off 10,000 employees in a cost-cutting move as the company contends with decreased consumer spending and a tough macroeconomic outlook. The layoffs were Microsoft’s most significant cuts since 2014 and represented more than 4% of its 221,000-employee workforce.
In a lengthy blog post explaining the move, Nadella wrote that the company was “living through times of significant change” and described the round of pink slips as “difficult, but necessary.” Nadella noted that impacted workers would receive support, including “above market severance pay,” six months of healthcare and other benefits.“When I think about this moment in time, the start of 2023, it’s showtime – for our industry and for Microsoft. As a company, our success must be aligned to the world’s success,” Nadella wrote.
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