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Microsoft slashes some jobs amid slowing revenue growth
The HIll ^
| 10/18/2022
| Brad Dress
Posted on 10/18/2022 10:49:17 AM PDT by ChicagoConservative27
Microsoft has cut some jobs after it faced slower revenue growth last quarter.
According to Axios, the tech giant slashed around 1,000 jobs across a variety of sectors.
A spokesperson for Microsoft told The Hill that “like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly.”
“We will continue to invest in our business and hire in key growth areas in the year ahead,” the spokesperson said.
Microsoft had employed about 220,000 people at the end of June.
(Excerpt) Read more at thehill.com ...
TOPICS: Business/Economy; Culture/Society; Government; Your Opinion/Questions
KEYWORDS: jobs; microsoft; revenue; slashes
I thought the economy was strong as hell according to diaper lips? (S)
To: ChicagoConservative27
Microsoft may be cutting jobs because they can’t field better products.
To: ChicagoConservative27
Intel is laying off, too.
3
posted on
10/18/2022 10:54:42 AM PDT
by
Jeff Chandler
(THE ISSUE IS NEVER THE ISSUE. THE REVOLUTION IS THE ISSUE.)
To: ChicagoConservative27
According to Axios, the tech giant slashed around 1,000 jobs across a variety of sectors.
That's less than half of 1%, iow, a meaningless drop for MS employment. They probably lose more than 1% of employees on a monthly basis.
But, for the general economy, the number of hamburger flipper jobs will probably create more than 10,000 jobs, thereby, making the number of jobs lost at MS insignificant. The difference between the MS jobs' wages and those of the hamburger flipper jobs, won't get reported.
4
posted on
10/18/2022 10:57:09 AM PDT
by
adorno
To: ChicagoConservative27
Please, please, please lay off the people who write the programs that force “helpful” suggestions on me in my Word documents.
5
posted on
10/18/2022 1:26:07 PM PDT
by
Opinionated Blowhard
(When the people find that they can vote themselves money, that will herald the end of the republic.)
To: T.B. Yoits
#2 Wait till Windows 12 comes out!
Why they will be on a hiring binge then!....
6
posted on
10/18/2022 2:57:07 PM PDT
by
minnesota_bound
(Need more money to buy everything now)
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