Microsoft CEO, Satya Nadella, announced that the company will be laying off 10,000 employees due to the recent changes in the market and advancements in technology. The layoffs, which are set to begin on January 18 and last through the end of the third quarter of fiscal year 2023, will affect workers at Xbox and Bethesda as well as other teams within the company.
The layoffs will represent less than 5% of the company's total workforce of over 220,000. Nadella stated in a memo to staff that the layoffs are a result of adjustments to Microsoft's business in response to the pandemic, recession fears, and the emergence of AI technology.
"When I think about this moment in time, the start of 2023, it’s showtime – for our industry and for Microsoft. As a company, our success must be aligned to the world’s success. That means every one of us and every team across the company must raise the bar and perform better than the competition to deliver meaningful innovation that customers, communities, and countries can truly benefit from. If we deliver on this, we will emerge stronger and thrive long into the future; it’s as simple as that."
"I want to extend my deepest thanks and gratitude to everyone who has contributed to Microsoft up to this point and to all of you who will continue to contribute as we chart our path ahead. Thank you for the focus, dedication, and resilience you demonstrate for Microsoft and our customers and partners each day."
Despite the job cuts, the company will continue to hire in key strategic areas and make "strategic" investments in future growth, with a focus on AI. Microsoft will incur a $1.2 billion charge due to severance costs and other changes. Affected employees will receive Microsoft's "full support," including above-market severance pay, healthcare for six months, ongoing vesting of stock awards for six months, career transition services, and 60 days' notice before termination for those not yet notified.
Check back with DailyGamer for more news and information about Microsoft and its future endeavors.
PRO GAMER MEDIA LLC - PRIVACY POLICY
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1. What personally identifiable information is collected from me?
2. What are cookies and how they are used by Pro Gamer?
3. How is my information used?
4. Who is collecting my information?
5. With whom will my information be shared?
6. How can I access, update or delete my information?
7. What does “opt-in” mean?
8. What else should I know about my privacy?
9. Other legal notices.
1. What personally identifiable information is collected from me?
On some Pro Gamer Web pages you can make requests and/or receive materials. The types of personal information collected at these pages are your name, e-mail address and standard contact information, including addresses and phone numbers.
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PRO GAMER MEDIA, LLC - TERMS OF ACCESS AND USE
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Membership Agreement
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