Home Nation News Microsoft Hosted Sting Concert In Davos A Night Before Announcing 10,000 Job Cuts, Says Report

Microsoft Hosted Sting Concert In Davos A Night Before Announcing 10,000 Job Cuts, Says Report

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Microsoft Hosted Sting Concert In Davos A Night Before Announcing 10,000 Job Cuts, Says Report

Last Updated: January 21, 2023, 09:57 IST

The concert in Davos came a night before the technology giant announced its largest round of layoffs since 2014.

The live performance in Davos got here an evening earlier than the know-how big introduced its largest spherical of layoffs since 2014.

In a communication to workers, Microsoft CEO Satya Nadella mentioned the corporate will lay off because the know-how big aligns its price construction with income and buyer demand.

A night time earlier than Microsoft introduced it was shedding 10,000 folks, the know-how big hosted a non-public live performance by artist Sting for about 50 folks together with its prime executives in Davos through the annual World Economic Forum assembly, a media report mentioned.

The Wall Street Journal mentioned in a report that “on Tuesday evening, Microsoft hosted an event. It was an intimate gathering of 50 or so people, including the company’s top executives, who got to while away the evening listening to a performance by the musical artist Sting.

The concert in Davos came a night before the technology giant announced its was laying off 10,000 workers in its largest round of layoffs since 2014.

In a communication to employees Wednesday, Microsoft CEO Satya Nadella said his company will lay off 10,000 workers, or less than five per cent of its total workforce, as the technology giant aligns its cost structure with revenue and customer demand.

Also Read: Google Layoffs: Have You Read Google CEO Sundar Pichai’s Letter? Wrote An E-mail Full Of Emotions

“We’re living through times of significant change,” Nadella had mentioned, including that whereas prospects accelerated their digital spend through the pandemic, “we’re now seeing them optimise their digital spend to do more with less. We’re also seeing organisations in every industry and geography exercise caution as some parts of the world are in a recession and other parts are anticipating one.” The WSJ article mentioned that the Sting live performance on Tuesday night time “would end up sounding a sour note to some employees at Microsoft” on Wednesday when the corporate introduced plans to put off 10,000 folks.

“As the Microsoft layoffs came down, some employees described it all as a bad look. While hobnobbing at Davos is part of doing business for major tech corporations and the events are planned far in advance making it difficult to change them, some employees thought it wasn’t the right time for a company-sponsored Sting concert. The theme of the event was sustainability,” the WSJ article mentioned.

During this yr’s World Economic Forum, Nadella was interviewed on stage for a Wall Street Journal panel and he spoke in regards to the promise of synthetic intelligence. He additionally mentioned headwinds for the tech business, and the necessity to do extra with much less, the article added.

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(This story has not been edited by News18 employees and is revealed from a syndicated information company feed)

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