Last Update: January 21, 2023, 09:57 AM IST
The concert in Davos came a night before the technology giant announced its biggest round of layoffs since 2014.
In a communication to employees, Microsoft CEO Satya Nadella said the company would make layoffs as the technology giant aligns its cost structure with revenue and customer demand.
A night before Microsoft announced it was laying off 10,000 people, the technology giant organized a private concert by artist Sting for about 50 people, including its top executives, in Davos during the annual event. World Economic Forum meeting, said a media report.
The Wall Street Journal reported that “On Tuesday evening, Microsoft held an event. It was an intimate gathering of 50 or so people, including top company executives, who gathered to hear a performance by music artist Sting.” Got away.
The concert in Davos came a night before the technology giant announced it was laying off 10,000 workers in its biggest round of layoffs since 2014.
In a communication to employees on Wednesday, Microsoft CEO Satya Nadella said his company would lay off 10,000 employees, or less than five percent of its total workforce, as the technology giant aligns its cost structure with revenue and customer demand. Does
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“We are living through a period of significant change,” Nadella said. We’re also seeing organizations in every industry and geographic region exercise caution as some parts of the world are in the grip of a recession and other parts are anticipating it. The WSJ article said that Tuesday night’s Sting concert “must have sounded a sour note for some employees at Microsoft” on Wednesday when the company announced plans to lay off 10,000 people.
“As Microsoft’s layoffs subside, some employees describe it as an evil eye. While hobnobbing at Davos is part of doing business for major tech corporations and events are planned in advance they are difficult to change.” Some employees thought it was not the right time for a company-sponsored Sting concert. The theme of the event was sustainability,” the WSJ article said.
During this year’s World Economic Forum, Nadella was interviewed on stage for a Wall Street Journal panel and talked about the promise of artificial intelligence. The article states that he also discussed the adversity facing the tech industry and the need to do more with less.
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(This story has not been edited by News18 staff and is published from a syndicated news agency feed)