Microsoft CEO addresses layoffs in memo to employees amid strong earnings [View all]
Microsoft Corp. (Nasdaq: MSFT) CEO Satya Nadella addressed employees Thursday over the apparent disconnect between the company’s mass layoffs and its strong earnings and record spending on data centers.
In a companywide memo, Nadella said the recent job cuts have been "weighing heavily on me," but the company's efforts to achieve success will depend on its "continuing to maintain and scale our current business, while also creating new categories with new business models."
“This is the enigma of success in an industry that has no franchise value,” Nadella wrote. “Progress isn’t linear. It’s dynamic, sometimes dissonant and always demanding.”
Across the tech industry, companies have doubled down on artificial intelligence, increasing their investments even as hiring has slowed. Amazon CEO Andy Jassy predicted in June that the company's use of AI would eventually lead to reductions in its corporate headcount.
https://www.bizjournals.com/seattle/news/2025/07/24/microsoft-ceo-tells-employees.html
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