- In the past few months, Microsoft laid off 15,000 employees.
- The CEO of Microsoft said that the layoffs have been weighing on him as it was one of the tough decisions he had to make.
- The company is still growing tremendously as it has crossed the $4 trillion valuation mark.
Microsoft has laid off a total of 15,000 employees this year. This action by the company has received a lot of criticism, with some fans even boycotting Xbox. Laying off thousands of employees in a few months is a sign of concern.
It was reported that the gaming giant did that mainly because it wanted to invest more in AI. However, even if that’s true, laying off such a massive number of employees isn’t easy, which is why Microsoft’s CEO has expressed guilt about doing so.
Why it matters: Laying off people in the industry has become so easy now that thousands can lose their jobs instantly.
Staya Nadella, the CEO of Microsoft, said in an official blog that the layoffs have been weighing heavily on him and such decisions are among the most difficult ones they have to make.
Before anything else, I want to speak to what’s been weighing heavily on me, and what I know many of you are thinking about: the recent job eliminations. These decisions are among the most difficult we have to make.
-Satya Nadella
He further said that they were our colleagues, teammates, friends, the people we have worked with and shared countless moments with. While he regrets doing that, Nadella expresses his gratitude toward them and wishes them the best.
Despite the layoffs, Nadella says that the overall headcount is unchanged, and some of the talent in the industry is being fairly rewarded.
Our overall headcount is relatively unchanged, and some of the talent and expertise in our industry and at Microsoft is being recognized and rewarded at levels never seen before.
It should be noted that days after the recent layoffs, it was revealed that the company was approaching the valuation of $4 trillion, which it already has. So, Microsoft is performing pretty well and is heavily invested in AI, which now seems to be the future.
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[News Editor]
Obaid is pursuing a Law degree while working as a content writer. He has worked as a gaming writer for over three years because of his passion for the medium and reporting the latest updates in the industry. Having played hundreds of games, Obaid finds himself coming back to Elden Ring, Cyberpunk 2077, and Red Dead Redemption 2, with these games being among his favorites. He has also been mentioned on highly regarded websites, such as Wccftech, Metro UK, PS Lifestyle, GamePressure, VGC, and Gamespot.
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