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Microsoft He is invited Sting to an executives-only private concert on Tuesday, the day before the layoffs were announced for more than 10,000 workers.
This information comes from Wall Street Magazinewhich indicates that the exclusive presentation was only for 50 people in Davos, at the height of the annual World Economic Forum that takes place in the Swiss city.
party and layoffs
The private concert wouldn’t have mattered much if the same company hadn’t announced the next day that over 10,000 workers would lose their jobs at the company.
“The senior management team and I are determined to move through this process as thoughtfully and transparently as possible,” Nadella wrote in a blog post on Wednesday.
In accordance with Rolling Stones, artists love Sting they can charge anywhere from $100,000 to $500,000 for private events.
microsoft, which is considering a $10 billion investment in Open AI, creator of ChatGPT, will also only hire in “key strategic areas,” according to Nadella’s post.
Layoffs and more layoffs
Current downsizing Microsoftwhich accounts for 5% of the entire current workforce, is one of the last tech giants in the world.
Meta, the parent company of the social networks Facebook and Instagram, laid off more than 11,000 employees in November 2022.
Amazon, however, is the country with the most layoffs, with 18,000 people.
These companies experienced a big economic boom in the early years of the pandemic, but fears of a possible recession and the consequences of this period led to a decrease in annual revenue.
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Source: RPP
I am Ben Stock, a passionate and experienced digital journalist working in the news industry. At the Buna Times, I write articles covering technology developments and related topics. I strive to provide reliable information that my readers can trust. My research skills are top-notch, as well as my ability to craft engaging stories on timely topics with clarity and accuracy.