Microsoft lays off workforce and enters new fiscal year
By MYBRANDBOOK
With the start of the new fiscal year from July 1, Microsoft has announced that the company has trimmed its workforce across geographies.
The company did not explain the roles and numbers that had been trimmed and also did not disclose the locations.
The company cut roles at its online news portal MSN.com, as it shifted to an AI-powered algorithmic feed, according to the report, which added that jobs were also cut in the Microsoft Azure cloud division.
Earlier, the company also said that it will close its retail stores and take a related pre-tax asset impairment charge of $450 million amid the ongoing coronavirus outbreak.
The spokesman said it is common for the company to re-evaluate its business as it enters a new fiscal year.
Late in April, Microsoft's third-quarter results beat Wall Street sales and profit expectations, powered by sharp demand for its Teams chat and online meeting app and Xbox gaming services as the world shifted to working from home because of the pandemic.
The company's revenue rose 15% to $35.02 billion in the third quarter while net income rose to $10.75 billion, or $1.40 per share.
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
The latest version of X helps prevent deepfakes on social medi
To combat deepfakes and shallowfakes, Elon Musk revealed a new update t...
India and Namibia collaborate on a payment system similar to U
Once operational, the platform will enable digital transactions in Namibia,...
Sebi issues show-cause notices to six Adani group firms
Sebi issued show-cause notices to six Adani Group firms, including Adani ...
CP PLUS INDIA PVT. LTD.
NETWEB TECHNOLOGIES INDIA LTD.
LENOVO GROUP LTD.
MICROTEK INTERNATIONAL PVT. LTD.
Technology Icons Of India 2023: Ashwini Vaishnaw
Ashwini Vaishnaw is an Indian politician and former IAS officer and is...
Technology Icons Of India 2023: Ashish Kumar Chauhan
Ashish works as the CEO of the National Stock Exchange (NSE). He is al...
Technology Icons Of India 2023: Nikhil Rathi
Nikhil Rathi, Co-founder & CEO of Web Werks, a global leader in Data C...
BEL leveraging next generation technologies to keep the country ahead in Defence space
Bharat Electronics Limited (BEL) is a Navratna PSU under the Ministry ...
DRDO is India's largest and most diverse research organisation
DRDO is the R&D wing of Ministry of Defence, Govt of India, with a vis...
Leading company into fertilizers in the country
NFL is a dynamic organization committed to serve the farming community...
SAVEX TECHNOLOGIES PVT. LTD.
Savex Technologies is the 3rd largest Information & Communication Tec...
SATCOM INFOTECH PVT. LTD.
Satcom Infotech Pvt. Ltd is a distribution houses in security in India...
TECH DATA, A TD SYNNEX COMPANY
Tech Data Corporation was an American multinational distribution compa...