{"id":20395,"date":"2023-01-22T09:41:18","date_gmt":"2023-01-22T09:41:18","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/microsoft-to-cut-10000-jobs-as-tech-layoffs-intensify"},"modified":"2023-01-22T10:48:56","modified_gmt":"2023-01-22T10:48:56","slug":"microsoft-to-cut-10000-jobs-as-tech-layoffs-intensify","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/microsoft-to-cut-10000-jobs-as-tech-layoffs-intensify","title":{"rendered":"Microsoft to cut 10,000 jobs as tech layoffs intensify"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>Microsoft said it would eliminate 10,000 jobs and take a $1.2-billion charge as its cloud-computing customers dissect their spending and the company braces for potential recession.<\/b><\/p>\n

The layoff, far larger than cuts by Microsoft last year, pile on to tens of thousands of job cuts across the technology sector that\u2019s long past its ceaseless growth during the pandemic.<\/p>\n

The news is particularly dramatic for Microsoft, a software maker heavily invested in generative artificial intelligence that represents an industry bright spot.<\/p>\n

In a note to employees, Chief Executive Satya Nadella said the layoffs, affecting less than 5% of the workforce, would conclude by the end of March, with notifications beginning Wednesday.<\/p>\n

The timing corresponds with the date its rival Amazon.com Inc has said more employees will be notified in its own 18,000-person layoffs.<\/p>\n

Nadella said customers wanted to \u201coptimize their digital spend to do more with less\u201d and \u201cexercise caution as some parts of the world are in a recession and other parts are anticipating one.\u201d Another company serving enterprises, Palantir Technologies Inc said this week that reducing cloud spending was a top-ten priority of its customers.<\/p>\n

In addition to severance costs, Microsoft would take a billion-dollar charge from changes to its lineup of hardware products and from consolidating leases \u201cas we create higher density across our workspaces,\u201d Nadella said.<\/p>\n

The charge in the second quarter of fiscal 2023 represents a negative impact of 12 cents per share profit, Microsoft said.<\/p>\n

Wedbush Securities analyst Dan Ives said, \u201cThis is a rip the band-aid off moment to preserve margins and cut costs in a softer macro, a strategy the Street will continue to applaud.\u201d<\/p>\n

Microsoft shares were up less than 1%.<\/p>\n

Nadella said the company would continue to invest capital and talent in strategic areas, like AI and a service offering OpenAI\u2019s ChatGPT, a futuristic chatbot that has captivated Silicon Valley.<\/p>\n

\u201cThe next major wave of computing is being born with advances in AI, as we\u2019re turning the world\u2019s most advanced models into a new computing platform,\u201d he said.<\/p>\n

Microsoft said in July last year that a small number of roles had been eliminated, while news site Axios in October reported that the company had laid off under 1,000 employees across several divisions.<\/p>\n

The company is also grappling with a slump in the personal computer market after a pandemic boom fizzled out, leaving little demand for its Windows and accompanying software.<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. Microsoft said it would eliminate 10,000 jobs and take a $1.2-billion charge as its cloud-computing customers dissect their spending and the company braces for potential recession. 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