An evening earlier than Microsoft introduced it was shedding 10,000 individuals, the know-how big hosted a personal live performance by artist Sting for about 50 individuals together with its prime executives in Davos in the course of the annual World Financial Discussion board assembly, a media report stated. The Wall Avenue Journal stated in a report that “on Tuesday night, Microsoft hosted an occasion. It was an intimate gathering of fifty or so individuals, together with the corporate’s prime executives, who obtained to whereas away the night listening to a efficiency by the musical artist Sting.
The live performance in Davos got here an evening earlier than the know-how big introduced it was shedding 10,000 staff in its largest spherical of layoffs since 2014.
In a communication to staff Wednesday, Microsoft CEO Satya Nadella stated his firm will lay off 10,000 staff, or lower than 5 p.c of its whole workforce, because the know-how big aligns its value construction with income and buyer demand.
“We’re residing via occasions of great change,” Nadella had stated, including that whereas clients accelerated their digital spend in the course of the pandemic, “we’re now seeing them optimize their digital spend to do extra with much less. We’re additionally seeing organizations in each business and geography train warning as some elements of the world are in a recession and different elements are anticipating one.” The WSJ article stated that the Sting live performance on Tuesday evening “would find yourself sounding a bitter observe to some staff at Microsoft” on Wednesday when the corporate introduced plans to put off 10,000 individuals.
“Because the Microsoft layoffs got here down, some staff described all of it as a foul look. Whereas hobnobbing at Davos is a part of doing enterprise for main tech companies and the occasions are deliberate far prematurely making it troublesome to vary them, some staff thought it wasn’t the correct time for a company-sponsored Sting live performance. The theme of the occasion was sustainability,” the WSJ article stated.
Throughout this 12 months’s World Financial Discussion board, Nadella was interviewed on stage for a Wall Avenue Journal panel and he spoke in regards to the promise of synthetic intelligence. He additionally mentioned headwinds for the tech business, and the necessity to do extra with much less, the article added.