Microsoft’s mass layoffs come despite a streak of profitable quarters

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Microsoft began laying off about 6,000 workers, nearly 3% of its entire workforce, on Tuesday, in its largest job cuts in more than two years. The mass layoffs come just weeks after the tech giant reported strong sales and profits that beat Wall Street expectations for the January-March quarter.

So, why is the Satya Nadella-led company firing thousands if its top and bottom lines are in good shape?

Details on the layoffs

  • Notices to employees began going out on Tuesday.
  • Hardest hit was the tech giant’s home state of Washington, where Microsoft informed…



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Microsoft’s mass layoffs come despite a streak of profitable quarters


Microsoft began laying off about 6,000 workers, nearly 3% of its entire workforce, on Tuesday, in its largest job cuts in more than two years. The mass layoffs come just weeks after the tech giant reported strong sales and profits that beat Wall Street expectations for the January-March quarter.

So, why is the Satya Nadella-led company firing thousands if its top and bottom lines are in good shape?

Details on the layoffs

  • Notices to employees began going out on Tuesday.
  • Hardest hit was the tech giant’s home state of Washington, where Microsoft informed…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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