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Microsoft CFO responds to mass layoffs: Hope the company’s cost structure and revenue are in line – Programmer Sought



News from IT House on January 25, Microsoft Chief Financial Officer (CFO) Amy Hood said on the earnings conference call today,Microsoft’s year-on-year employee growth in the fourth quarter of 2022 is relatively slow.

When talking about the reasons for mass layoffs, Amy Hood said it was because MicrosoftHope that the company’s cost structure will be more in line with revenue. “Our decision-making process is very careful and serious. After all, we don’t want too many talented people to be affected.”

IT Home learned that Microsoft announced on January 19 that 10,000 jobs to be cut by the end of the third quarter of fiscal 2023. In a note to employees, Microsoft Chief Executive Satya Nadella said customers want to “optimize their digital spend and do more with less” Caution should be exercised when some parts of the world are in recession and others are anticipating a recession.”

According to the financial report, as of December 31, 2022, in the second quarter of fiscal year 2023 (Microsoft’s fiscal year starts in July each year), Microsoft achieved revenue of US$52.7 billion in the second quarter (currently about 357.306 billion yuan),2% year-on-year growth; Net profit of 16.4 billion U.S. dollars (currently about 111.192 billion yuan),12% year-on-year decrease.

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“Microsoft’s 2023 fiscal year Q2 revenue of US$52.7 billion increased by 2% year-on-year, and net profit of US$16.4 billion decreased by 12% year-on-year”

“Layoff wave” sweeps the US technology industry, Microsoft announces that it will lay off 10,000 people

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