Employees apparently complained about Microsoft’s massive attendance at events in Davos.
Microsoft executives attended a private concert by musical artist Sting at the World Economic Forum in Davos on Tuesday, January 17, a day before the tech giant’s announcement. decided to lay off 10,000 workers, according to a report in The Wall Street Journal. The intimate gathering was attended by about 50 people including the company’s top executives.
The next day, Microsoft CEO Satya Nadella informed employees of the company’s plan to eliminate 10,000 positions in the coming months, which he claimed represented “less than 5%” of the total workforce. . This is considered Microsoft’s most significant employee layoff since 2014.
According to a report in Asset, it is unknown whether Microsoft will pay artists to perform at its gatherings. However, it does note that reservation company AAE Music claims that hiring a musician for a private engagement can be up to $500,000 (Rs 4 crore). Employees have apparently complained about Microsoft having too many people attend events in Davos, where millionaires and the elite travel every year to interact and discuss important global issues.
The newspaper added that Mr Nadella had said in an email to employees on Wednesday, January 18, that some employees would be notified of job cuts that day and the payroll cuts. The regime will end in the third quarter of 2023. In an internal email, he said, “We will treat our people with dignity and respect, and act transparently. These decisions are very important. difficult but necessary.”
Also read: Man fired after working for more than 21 years at Microsoft shares heartfelt note on LinkedIn
He continued: “We’re living in a time of significant change. We’re seeing organizations in every industry and every geographic region have to be cautious because some regions of the world is in a recession and other regions are anticipating it.”
Some Microsoft employees say that the change in events between Tuesday and Wednesday doesn’t reflect well on the software company. Fortune adds that when details of the company’s gathering in Davos emerged, the company faced criticism on social media, with some calling the company’s actions “ethical” hypocrisy” and “have a bad look”.
Featured video of the day
“Prime Minister Modi’s reforms are doubly effective”: Smriti Irani told NDTV in Davos
