Skip to Search Skip to Live Player Skip to Content Skip to Footer

Vonyetta

Weekdays 10:00AM - 3:00PM

Microsoft To Cut 10,000 Jobs As Global Growth Slows

Vonyetta January 18th
BARCELONA, SPAIN - FEBRUARY 26: A logo sits illumintated outside the Microsoft booth on day 2 of the GSMA Mobile World Congress 2019 on February 26, 2019 in Barcelona, Spain. The annual Mobile World Congress hosts some of the world's largest communications companies, with many unveiling their latest phones and wearables gadgets like foldable screens and the introduction of the 5G wireless networks. (Photo by David Ramos/Getty Images)

Microsoft is the next company that seems to be cutting costs. According to Sky News Microsoft is set to cut 10,000 jobs.

Quite a few employees might be on pins and needles right now if they work for Microsoft. Companies worldwide are doing what they can to cut costs. Inflation is taking a toll on both consumer spending and corporate spendings. In turn, they are cutting approximately 10,000 jobs in the next coming days.

Also according to Sky News, Microsoft will be spending approximately $1.2 Billion in severance costs. Artificial intelligence is starting to take over in certain spaces and companies are investing into them more. Microsoft allegedly plans to invest quite a bit of money into the expansion and programming areas of artificial intelligence. I remember there was a time we used to say one day robots would be taking over. I believe we might be almost there and I can promise you that is very scary. This layoff is expected to only affect 5% of their workforce, but no one wants to be in that 5%. Drop your thoughts.