Tuesday, March 28, 2023

Microsoft Hosted A Private Concert For Its Execs In Davos, Before Announcing 10000 Job Cuts

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With layoffs becoming somewhat common across tech companies these days, Microsoft decided to take it a step further. The company is under fire from the general media and the public for hosting a private concert for its executive employees exactly one day before Microsoft announced its plan to lay off 10,000 employees. Gordon Matthew Thomas Sumner, popularly known as Sting, played at the concert. Follow For More Updates at satiknews.com

Microsoft has announced that there will be a reduction in the workforce through Q3 of 2023, affecting approximately 5% of the company’s employees. They attributed the layoff to post-pandemic regulation of expenses throughout the world. This news is quite unfortunate, but the timing is made more difficult by the fact that some of the company’s leadership team was in Switzerland the night before the announcement.

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The concert had a small gathering of around 50 employees, and it was hosted at the Davos ski resort on Tuesday evening. The whole ordeal was also made worse by the fact that there were earlier statements made by a Microsoft spokesperson that previously denied any rumours of layoffs. This caused confusion and concern among the employees.

In recent months, several major technology companies, such as Amazon have made strategic adjustments to their workforce in response to the current economic climate. Factors such as economic slowdown, high inflation, and rising interest rates have influenced these decisions to reduce their employee count. However, the timing of Microsoft’s concert definitely left a sour taste lingering in the air, that’s for sure.

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