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Microsoft is cutting thousands of jobs

Microsoft is cutting thousands of jobs

The corporation employed 221,000 full-time workers as of 30 th of June, including 122,000 in the United States and 99,000 elsewhere. Microsoft is under pressure to sustain Azure growth rates after many quarters of decline in the personal computer market damaged Windows and device sales. It announced in July of last year that a modest number of positions had been cut. Microsoft laid off less than 1,000 employees across numerous businesses in October. On the other hand, Microsoft just announced that they will widen the access to OpenAI, or you may know it by the name ChatGPT. Because of its popularity, it is expected that news will bring a lot of new interest.

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Movement of Microsoft in the last five years. (Source: Trading Economics)

Sources:

https://tradingeconomics.com/msft:us

https://www.reuters.com/technology/microsoft-expand-chatgpt-access-openai-investment-rumors-swirl-2023-01-17/#:~:text=Jan%2016%20(Reuters)%20%2D%20Microsoft,chatbot%20has%20captivated%20Silicon%20Valley.

https://www.reuters.com/technology/microsoft-cut-thousands-jobs-sky-news-2023-01-17/

https://www.investing.com/news/stock-market-news/microsoft-to-expand-chatgpt-access-as-openai-investment-rumors-swirl-2981176

https://www.investing.com/news/stock-market-news/microsoft-to-cut-thousands-of-jobs--sky-news-2982149