Microsoft has laid off over 15,000 employees, approximately 7% of its workforce, despite reporting record profits and ambitious investments in artificial intelligence. CEO Satya Nadella highlighted the inconsistency of job cuts with the company's successful market performance and strategic growth in a memo to employees. He described the current situation as the 'enigma of success,' emphasizing that success in the tech sector is not constant and presents new opportunities. The company's capital expenditures have reached historic highs, primarily due to investments in AI and cloud infrastructure.
By every objective measure, Microsoft is thriving—our market performance, strategic positioning, and growth all point up and to the right.
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.
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