Microsoft announced in a securities filing on Wednesday that it plans to lay off 10,000 workers as part of a massive cost-cutting initiative, the latest major company to reduce its workforce due to Biden’s failed policies that led to the financial disaster.
Microsoft CEO Satya Nadella announced in a memo to employees that the company will begin laying off “less than 5 percent of our total workforce” by the end of the company’s fiscal third quarter, which ends in March.
“Today, we are making changes that will reduce our overall workforce by 10,000 jobs by the end of FY23 Q3,” Nadella said.
“This represents less than 5 percent of our total employee base, with some notifications taking place today. It is important to note that while we are eliminating roles in some areas, we will continue to hire in key strategic areas. We know this is a challenging time for everyone affected. As we move through the process, we are committed to doing so in as thoughtful and transparent a manner as possible,” he continued.
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“I want to extend my deepest thanks and gratitude to everyone who has contributed to Microsoft up to this point, and to all of you who will continue to contribute as we chart our path. Thank you for the focus, dedication and resilience you demonstrate every day for Microsoft and our customers and partners,” he concluded.
Microsoft added 40 thousand people between 2021 and 2022.
Microsoft is now laying off 10,000 people pic.twitter.com/rm13p7kTVP
— PeterOvo (@PeterOvo5) January 19, 2023
Amazon’s decision to lay off workers came under fire after the company hosted a special event at a Swiss ski resort in Davos, where about 50 people attended Sting’s performance.
The night before Microsoft’s 10k layoff, the company hosted an event in Davos where about 50 people watched Sting perform. The theme of the event was Sustainability https://t.co/5nzjtIF9jq
— Aaron Tilley (@Atilley) January 19, 2023
The next day Microsoft announced that it would cut 10,000 jobs.
pEoPlE dOnT wAnNa WoRk, Largest Employers in the US:
Google – $13.9b in 2022 profit vs 12k layoff
Amazon – $2.9b in 2022 profit vs 15k layoff
Microsoft – $100b in 2022 profit vs 10k layoff.
Nothing to do with people and everything to do with corporate greed.
— Connor Lillis (@ConnorLillis) January 20, 2023
Thanks to Joe Biden and the Democrats, Microsoft is the latest company to announce massive layoffs due to the recession.
Other large companies include Salesforce, Amazon, Meta, Google Alphabet, Disney, CNN, The Washington Post, Goldman Sachs, Netflix and others.
BREAKING: Google to cut 12,000 jobs, 6% of its global workforce. Microsoft laid off 10,000 two days ago. Facebook cut 11,000 jobs in December. Amazon laid off 18,000.
51 thousand jobs from just four companies. And Biden says the economy is “good”?
— Charlie Kirk (@charliekirk11) January 20, 2023