Microsoft is laying off 10,000 employees
Publishing timestamp: 2023-01-18 12:02:33
Summary
Microsoft is laying off 10,000 employees and taking a $1.2 billion charge due to slower revenue growth. Other tech companies have also been cutting headcount due to rising prices and reduced technology spending. Microsoft CEO Satya Nadella said the company will emerge stronger from the layoffs.
Sentiment: NEGATIVE
Tickers: GOOGL, MSFT, AMZN, CRM,
Keywords: alphabet class a, amazon.com inc, microsoft corp, salesforce inc, enterprise, technology, breaking news: technology, satya nadella, business, business news,
Source: https://www.cnbc.com/2023/01/18/microsoft-is-laying-off-10000-employees.html