Microsoft CEO Satya Nadella addressed recent layoffs in a memo, citing them as one of the most challenging decisions he has faced. He acknowledged the paradox of the company thriving amidst job cuts, emphasizing an all-time high in stock price and significant investment in AI infrastructure. Nadella expressed that progress within the tech industry can be disjointed and unpredictable, revealing that while headcount remains relatively stable, future layoffs cannot be ruled out. As of June 2024, Microsoft employed 228,000 workers, highlighting its ongoing hiring efforts amid market changes.
Satya Nadella acknowledged 'the uncertainty and seeming incongruence of the times we're in' but noted that Microsoft is 'thriving,' with exceptional market performance.
Despite job cuts affecting over 15,000 employees, Microsoft has invested over $80 billion in AI infrastructure in the fiscal year that ended in June, highlighting its commitment to growth.
Nadella commented that progress isn't linear and can at times be dissonant and demanding, implying that layoffs may continue despite strong financial performance.
Microsoft's stock price reached an all-time high, surpassing $500 for the first time earlier this month, emphasizing the company's successful market standing despite workforce reductions.
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