Tech company Microsoft will lay off 6,800 employees. This is about 3% of the company’s total workforce. Currently the company has about 2.28 lakh employees. This will be the biggest layoff in Microsoft after 2023. In 2023, the company laid off about 10 thousand employees. According to media reports, this layoff is not based on performance. A Microsoft spokesperson said that we are constantly implementing the changes that are necessary to bring the company to a better position. Microsoft stock rose 8% in the last 1 year
In the last 1 year, Microsoft’s stock has seen a rise of $ 32.58 (7.82%). On May 14, 2024, the company’s stock was at $ 416.56, which has now reached $ 449.14. At the same time, this year it has gained 7.30%. Meta had also fired 3600 employees
Meta, the parent company of social media platforms Facebook and WhatsApp, fired 3600 of its employees in January this year. Meta had taken this decision under the performance-based job cut policy. This affected about 5% of the company’s employees. Microsoft will invest Rs 25,722 crore in India
In January, Microsoft Chief Executive Officer (CEO) Satya Nadella announced an investment of $3 billion i.e. Rs 25,722 crore in its cloud and artificial intelligence (AI) business in India in the next 2 years. Satya Nadella made this announcement in the Bengaluru phase of the Microsoft AI Tour. Meta, the parent company of social media platforms Facebook and WhatsApp, is going to fire 3600 of its employees. Meta has taken this decision under the performance-based job cut policy. The company’s CEO Mark Zuckerberg said that this would affect about 5% of the company’s employees. According to the data of September 2024, about 72,000 employees work in Meta. Microsoft started in 1975
Microsoft company started when most Americans used typewriters. Bill Gates laid its foundation in 1975 with his childhood friend Paul Allen. It was named Microsoft by combining the initial words of microprocessors and software. Initially, the company made software for the personal computer Altair 8800. In the year 1985, Microsoft launched a new operating system.
