Inside Microsoft’s CEO’s Unseen Struggle: Why Massive Layoffs Haunt Him Despite Record Profits
Despite Microsoft’s position as the No. 2 most valuable company in the world, behind Nvidia, with a market value of $3.8 trillion, the tech giant has laid off more than 15,000 people this year.
In a memo to staff on Thursday morning, released publicly on Microsoft’s corporate blog, Microsoft CEO Satya Nadella addressed the recent job cuts, calling the decisions some of “the most difficult” that he had to make.
“Before anything else, I want to speak to what’s been weighing heavily on me, and what I know many of you are thinking about: the recent job eliminations,” Nadella wrote.
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