Microsoft reported $245 billion in annual revenue and over $109 billion in operating income for fiscal 2024, reflecting substantial growth. Despite these achievements, the company has laid off over 15,000 employees, raising concerns about the relationship between financial success and workforce reductions. CEO Satya Nadella expressed his struggle with this situation, acknowledging that industries lack franchise value. He emphasized Microsoft's investments and structural stability while grappling with the paradox of layoffs amidst thriving financial metrics, questioning the ability to monetize advancements in AI.
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. Our overall headcount is relatively unchanged, and some of the talent and expertise in our industry and at Microsoft is being recognized and rewarded at levels never seen before.
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