Summary

  • After a wave of layoffs affecting up to 9,000 employees, Microsoft CEO Satya Nadella has sent a memo to all employees addressing the dismissals and the company’s future direction.
  • While expressing gratitude to those affected, Nadella did not rule out further redundancies.
  • Microsoft’s headcount is “relatively unchanged” despite the cuts, Nadella claimed, and the company is investing heavily in CapEx.
  • He outlined three key business priorities for Microsoft: security, quality, and AI transformation, the latter being key to the company’s future success, according to Nadella.
  • Employees expressed concern that the redundancies are creating a culture of fear, but Nadella urged employees to maintain the “growth mindset” culture as the company transforms.
  • Microsoft is looking to leverage AI to serve the company’s “mission” of “imagining a world where any person or any organisation can make AI more accessible and valuable to everyone.

By Tom Warren

Original Article