With customers investing more and more in digital spending, a new wave of computing is taking place with advancements in AI. According to a communication sent by Satya Nadella to his team, this is the very context the company will be using to move forward with its developments and operations. They wish to take action in three main areas in order to invest in these long-term opportunities and emerge stronger in the future
The first is to align Microsoft’s revenue and cost structure to better meet consumer demands by reducing their workforce by 10,000 jobs by the end of FY23 Q3. It is important to note that while they are reducing the workforce in some departments, they will be making new hires in key areas. Secondly, the company will be making more investments in the future for secular growth and long-term competitiveness. And lastly, Microsoft will be working towards fulfilling their promise to employees they have let go and act with respect and transparency as they make their way toward future endeavors.
