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    Ukrainian forces fired on “Wagnerites” leaving Bakhmut – 80 killed, 119 wounded

    Ukrainian forces fired on “Wagnerites” leaving Bakhmut – 80 killed, 119 wounded

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    Ukrainian forces developing success on northern and southern flanks of Bakhmut – National Guard

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    French Senate recognizes 1932-1933 Holodomor as genocide of Ukrainian people

    117 children killed in Ukraine since onset of war

    Russian army has already injured 977 children in Ukraine

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Home ECONOMY

Microsoft to cut 10,000 jobs

January 19, 2023
in ECONOMY, NEWSROOM, WORLD
Microsoft to cut 10,000 jobs
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According to BBC Microsoft will cut 10,000 jobs in the latest round of staff redundancies to hit the tech industry.

It will affect up to 5% of its global workforce and cost the business $1.2bn (£972m) in severance and reorganisation costs.

Microsoft chief executive Satya Nadella said that while customer spending had grown during Covid, more people were now choosing to “exercise caution”.

He said the firm would continue to hire in key areas.

Breaking the news in a memo to staff, Mr Nadella said many parts of the world were in recession or anticipating one, while “at the same time, the next major wave of computing is being born, with advances in AI”.

Microsoft is considering a multi-billion-dollar investment in artificial intelligence company OpenAI, the maker of ChatGPT (Generative Pre-trained Transformer), according to the Financial Times.

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