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The Latest Breaking News from Microsoft

Microsoft, Amazon set to erase 28,000 jobs as tech slump deepens

Microsoft Corp. and Amazon.com Inc., two of the world’s biggest companies, began cutting a total of 28,000 jobs on Wednesday in a post-pandemic reckoning that has left almost no tech name unscathed.

Tribune News Service

Microsoft plans 10,000 job cuts, to take $1.2 billion charge

Microsoft Corp. said it plans to cut 10,000 jobs, or about 5% of its workforce this year, taking steps to cope with an increasingly bleak outlook that has now bruised many of the technology industry’s biggest companies.

Tribune News Service

Job cuts in tech sector spread, Microsoft lays off 10,000

Microsoft is cutting 10,000 workers, almost 5% of its workforce, as it joins other tech companies in a scaling back of their pandemic-era expansions.

Chicago Sun-Times

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Microsoft cuts 10,000 jobs, about 5% of global workforce

Microsoft is cutting 10,000 workers, almost 5% of its workforce, in response to “macroeconomic conditions and changing customer priorities.”

The Independent UK

Microsoft to axe 10,000 jobs and close offices in bid to cut costs

The tech giant employs almost 4,000 staff in the UK

Evening Standard

Microsoft is laying off 10,000 employees

It joins a growing list of Big Tech firms cutting staff.

Axios

These Are the 3 Best Stocks on Wall Street to Buy Now

Although inflation moderated for the sixth consecutive month in December, a recession is still likely as the Fed is expected to keep raising rates this year. Amid an uncertain economic backdrop, fundamentally strong and popular stocks on Wall Street, Microsoft (MSFT), Pfizer (PFE), and AT&T (T), could make ideal additions…

StockNews.com

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A Scalebound revival would be the perfect fit for Xbox Game Pass

It has been rumoured that the cancelled Xbox exclusive has been revived and is in the very early stages of development.

Daily Mirror

Microsoft planning to cut thousands of jobs worldwide

The news comes after Twitter and Meta laid off thousands of staff with Amazon planning thousands of job losses globally

Dublin Live

Microsoft to Cut Staff Again

Microsoft is readying to cut more positions from its global workforce as tech giants continue paring headcount to ride out rough economic conditions, according to media reports on Tuesday. The computer industry stalwart could announce layoffs in its engineering divisions as early as Wednesday, Bloomberg News reported. A Microsoft spokesperson…

Asharq Al-Awsat

What it would take for Apple to disentangle itself from China

The tech giant increasingly finds itself beholden to America’s biggest geopolitical rival. But is diversification even possible?

Financial Times

Microsoft to layoff thousands of workers, says report

NEW DELHI: Microsoft employees are facing yet another bout of job cuts, as tech giants continue to pare staf amid persisting challenges to global economy.

The Times of India

Microsoft planning to slash thousands of jobs worldwide - report

Software giant Microsoft are preparing to cut tens of thousands of jobs, according to reports.

Evening Standard

Microsoft leveraged its cloud business to access OpenAI’s tech. Will other Big Tech giants follow?

The company’s computing infrastructure and deep pockets made it well-positioned to take OpenAI’s technology global.

Fortune

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StockNews.com

The Best Software Stock on Wall Street

Software giant Microsoft (MSFT) reported outstanding third-quarter financials with solid revenue growth momentum. Moreover, analysts seem bullish about the company’s growth prospects. Amid rapid digitalization across sectors, demand for its products and services is expected to grow exponentially. With Wall Street analysts seeing a more than 19% upside potential, this…

Evening Standard

What are passkeys? Google takes a step towards ditching passwords forever

As long as you have a device on you, you need never enter a password again

StockNews.com

Top Stocks to Buy in 2023? 2 Software Stocks to Watch

While 2022 had been a painful year for tech stocks amid the Fed’s consecutive rate hikes, the tech sector’s long-term prospects look bright. The industry is expected to witness steady growth in the coming years amid robust demand. Therefore, investors should consider adding quality software stocks Microsoft (MSFT) and Salesforce…

StockNews.com

3 Large-Cap Stocks to Add to Your Buy List This Winter

Despite inflation cooling further in December, the likelihood of the economy entering a recession this year is rising as the Fed expects to continue increasing interest rates until inflation comes down to its 2% target. Therefore, large-cap stocks Microsoft (MSFT), UnitedHealth (UNH), and Taiwan Semiconductor (TSM) could be stable investments…

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StockNews.com

1 Tech Stock to Buy Like There's No Tomorrow

Networking major Cisco Systems (CSCO) surpassed analysts’ revenue and earnings estimates in the first quarter. Despite the uncertain macroeconomic environment, the company has also raised its guidance for fiscal 2023. Thus, it could be wise to buy this tech stock like there’s no tomorrow. Read more….

Fortune

Oxfam echoes Bill Gates in calling for new taxes on the rich with ‘billionaire-busting policies’

More than 700 billionaires live in the United States.

Salon

The new breed of influencer on LinkedIn

The business networking site grew during the pandemic with young users and contributing to the great resignation

inkl Originals

The Weekly Wrap for Saturday, 14 January 2023

Xi Jinping is acting boldly, but it's not in the direction many feared. This week we delve into the constraints that spurred a widespread softening of China's internal and external policies

USA Today Sports Media Group

Xbox sales doubled in Japan in 2022 despite software struggles

Nintendo Switch outsold Sony and Microsoft in Japan, but Xbox sales still doubled in 2022, even without any software hits

Fortune

Bill Gates says we should tax the rich—but maintains he wouldn’t ban anyone from being a billionaire

The Microsoft founder said he is "surprised" taxes on the rich aren't higher, but believes the private sector is still crucial.

Evening Standard

How to watch the Xbox Developer Direct showcase

In just a couple of weeks, Microsoft will further lift the lid on upcoming Xbox games as part of Developer Direct.

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