Microsoft has announced plans to lay off approximately 15,000 employees, in addition to nearly 2,000 underperformers, despite reporting net income of about $75 billion over three fiscal quarters. The layoffs are set against a backdrop of major investments in AI, totaling $80 billion. CEO Satya Nadella acknowledged the complexity of these moves in a note to employees, emphasizing that while the company is thriving by various measures, difficult decisions have still been made regarding workforce reductions.
This is the enigma of success in an industry that has no franchise value. Progress isn't linear. It's dynamic, sometimes dissonant, and always demanding. But it's also a new opportunity for us to shape, lead through, and have greater impact than ever before.
By every objective measure, Microsoft is thriving—our market performance, strategic positioning, and growth all point up and to the right. We're investing more in CapEx than ever before.
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