Microsoft set to lay off 10,000 staff in major shakedown
Microsoft has announced plans to sack 10,000 staff to trim its cost of operation and focus on other strategic options such as artificial intelligence.
Chief Executive Satya Nadella, explained that the decision was to enable the company adapt to current changes.
“These are the kinds of hard choices we have made throughout our 47-year history to remain a consequential company in this industry that is unforgiving to anyone who doesn’t adapt to platform shifts,” he said.
The multinational corporation will cut 5 per cent of it’s 221,000 global workforce.
Mr Nadella explained that customers are ‘seeking to do more with less’ and that the company will explore other strategic options like Artificial Intelligence which he described as ‘the next major wave of computing’.
The dismissals, scheduled to begin today and continue through March, is the biggest since 2014.
However, this is not the first in recent times as other big tech companies like Amazon and Meta have also laid off a percentage of their staff to cut down cost.
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