Microsoft Fires 10,000 Employees, CEO Satya Nadella Says Company Focusing On Future Opportunities

Microsoft has officially confirmed layoffs. The tech company said it is cutting 10,000 jobs, which is almost around 5 per cent of its total layoffs in India.

Announcing the layoffs, CEO of Microsoft Satya Nadella wrote in

Microsoft informed it has already notified employees about the layoffs. Before Microsoft, Big Tech companies like Amazon, Twitter, hire in key strategic areas,” Nadella said in the same email to employees. Nadella also emphasized the importance of building a “new computer platform” using advances in artificial intelligence. benefits including “above-market severance pay, continuing healthcare coverage for six months, continued vesting of stock awards for six months, career transition services, and 60 days’ notice prior to termination, regardless of whether such notice is legally required.” workforce. The company is laying off thousands of employees as a result of “macroeconomic conditions and changing customer priorities.”

“We’re also seeing organizations in every industry and geography exercise caution as some parts of the world are in a recession and other parts are anticipating one,” he further wrote.

Microsoft CEO in the email noted that the company will extend full support to impacted employees.

“We will treat our people with dignity and respect, and act transparently. These decisions are difficult, but necessary.

Though Nadella didn’t specify benefits applicable for employees impacted with employees in India, he did mention that “benefits for employees outside the U.S. will align with the employment laws in each country.” “We are taking a $1.2 billion charge in Q2 related to severance costs, changes to our hardware portfolio, and the cost of lease consolidation as we create higher density across our workspaces,” the Microsoft CEO added.

The tech giant hasn’t confirmed the number of employees impacted by

‘Deeply Sorry’:

Alphabet and Google CEO Sundar Pichai on Friday said that he is “deeply sorry” for reducing the workforce by approximately 12,000 roles, and takes “full responsibility for the decisions that led us here”.

In an email to employees, Pichai said the company has already sent a separate email to employees in the US who are affected by the layoffs.

“In other countries, this process will take longer due to local laws and practices,” he added. The roles the company is eliminating cut across Alphabet, product areas, functions, levels, and regions.

In the US, Google will pay employees during the full notification period (minimum 60 days) and also offer a severance package starting at 16 weeks salary, plus two weeks an email to employees that “less than 5 percent of our total employee base, with some notifications happening today.” In a recent regulatory filing,

Meta and many others have laid off a large chunk of their workforce in the last few months.

“While we are eliminating roles in some areas, we will continue to

They are especially difficult because they impact people and people’s lives - our colleagues and friends. We are committed to ensuring all those whose roles are eliminated have our full support during these transitions,” he wrote in the mail.

Nadella also clarified that impacted employees will receive a variety of

Besides announcing layoffs, Nadella said that Microsoft “will continue to invest in strategic areas for our future, meaning we are allocating both our capital and talent to areas of secular growth and long-term competitiveness for the company, while divesting in other areas.” (Courtesy: https://www.indiatoday.in/)