Shulou(Shulou.com)11/24 Report--

CTOnews.com, January 25, Microsoft Chief Financial Officer (CFO) Amy Hood said on the earnings call today that Microsoft's employee growth slowed relatively year-on-year in the fourth quarter of 2022.

When talking about the reasons for the massive layoffs, Amy Hood said it was because Microsoft wanted the company's cost structure to be more aligned with revenue. "We make decisions very carefully and carefully, after all, we don't want too many talented people to be affected."

CTOnews.com learned that Microsoft announced on January 19 that it would cut 10, 000 jobs by the end of the third quarter of fiscal 2023. Satya Satya Nadella, Microsoft's chief executive, said in a note to employees that customers wanted to "optimize their digital spending and do more with fewer resources" and "be cautious when there is a recession in some parts of the world and in others".

According to the financial report, in the second quarter of fiscal year 2023 ending December 31, 2022 (Microsoft's fiscal year begins in July of each year), Microsoft achieved revenue of $52.7 billion (currently about 357.306 billion yuan) in the second quarter, an increase of 2 percent over the same period last year. Net profit was $16.4 billion (currently about 111.192 billion yuan), down 12% from the same period last year.

Related readings:

"Microsoft's Q2 revenue of $52.7 billion in fiscal 2023 increased by 2% compared with the same period last year, while its net profit of $16.4 billion fell 12% compared with the same period last year."

"the wave of layoffs has swept through the US technology industry, and Microsoft has announced that it will cut 10,000 jobs."

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.