logo
Microsoft layoffs: What CEO Satya Nadella told employees in town hall

Microsoft layoffs: What CEO Satya Nadella told employees in town hall

Minta day ago

Microsoft Chief Executive Satya Nadella has spoken out for the first time following the company's recent decision to cut approximately 6,000 jobs — about three per cent of its global workforce — emphasising that the move was part of a broader internal restructuring and not a reflection of employee performance.
Addressing staff during a companywide town hall meeting, Nadella said the layoffs were necessary to realign teams in accordance with Microsoft's evolving priorities, particularly its growing focus on artificial intelligence. He acknowledged the emotional toll of the decision but underscored that it was driven by strategic shifts, not shortcomings in productivity or talent. You may be interested in
The job cuts have disproportionately affected engineering roles — a notable development given the traditional perception of these positions as secure. The move highlights a shift in the tech industry, where even product development teams are being reshaped amid the accelerating integration of AI technologies.
During the same internal event, executives highlighted Microsoft's significant momentum in selling AI tools to enterprise customers. Chief Commercial Officer Judson Althoff revealed that British banking giant Barclays has committed to purchasing 100,000 licences for Microsoft Copilot — the company's flagship AI assistant. Althoff also noted that several major global firms, including Accenture, Toyota, Volkswagen, and Siemens, now each have over 100,000 users of Copilot within their organisations.
Nadella stressed the importance of tracking how deeply Copilot is embedded across client operations, with Microsoft paying close attention to the proportion of users actively engaging with the tool. At a list price of $30 per user per month, the scale of these contracts suggests annual revenues in the tens of millions of dollars — although actual figures are likely reduced by bulk pricing agreements.
The developments reflect Microsoft's pivot toward enterprise AI as a key growth area, even as the company trims its workforce to maintain efficiency and focus.
(With inputs from Bloomberg)

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

‘Inspiration doesn't pay rent': British canoeist forced to choose between his Olympic dream and Onlyfans account
‘Inspiration doesn't pay rent': British canoeist forced to choose between his Olympic dream and Onlyfans account

Hindustan Times

time2 hours ago

  • Hindustan Times

‘Inspiration doesn't pay rent': British canoeist forced to choose between his Olympic dream and Onlyfans account

Kurts Adams Rozentals, a rising star in British canoe slalom, finds himself caught in a deeply personal and public struggle: pursue his Olympic dream or maintain financial independence through his growing OnlyFans platform. The 24-year-old athlete, who clinched silver at the World Under-23 Championships in 2023, has been suspended by PaddleUK following undisclosed allegations related to his social media activity. While the governing body has not explicitly stated the reasons, Rozentals believes his burgeoning presence on the subscription site OnlyFans — famous for adult content — is at the heart of the controversy. A post shared by Kurts Adams Rozentals (@kurtsadams) Rozentals, who competes in the individual C1 canoe slalom discipline, has openly admitted to creating 'edgy' Instagram posts aimed at driving fans to his OnlyFans page, where he shares more content. Since launching the account in January 2025, he has amassed over 10,000 likes and posted nearly 40 videos and 100 photos, reportedly earning upwards of £100,000. This financial boost is critical to his training and Olympic ambitions. 'I have been posting videos (on Instagram) that are consciously made to be edgy in order to drive conversions to my 'spicy content page' (on OnlyFans), to fund this ultimate dream of going to the Olympics,' Rozentals told BBC Sport. Despite receiving a £16,000 annual grant from PaddleUK's World Class Programme, Rozentals says this support falls far short of covering the real costs of training, travel, rent, and nutrition. 'I don't know how much you need but it's certainly not £16,000,' said Rozentals. 'When you have to cover rent, travel, food... and most athletes who train full-time are all living in London. They're very fortunate to have parent backing — I wasn't. I never had the ability to move to London because of financial struggles so I was always doing the travel from the East Midlands, where I live, to London, back-and-forth, back-and-forth.' Last month, Rozentals received a shocking phone call from PaddleUK, informing him he was suspended and barred from contacting staff or fellow athletes while an investigation proceeds. Paddle UK insists this suspension is a 'neutral act designed to protect all parties' and an 'interim' measure to protect all parties and safeguard the environment for athletes and volunteers. A post shared by Kurts Adams Rozentals (@kurtsadams) Their Athlete Disciplinary Policy highlights 'offensive use of social media' and 'indecent, offensive or immoral behaviour' as grounds for potential dismissal. When asked if he would give up his OnlyFans account to stay in the programme, Rozentals was clear: he refuses to be forced into such a choice. 'This is the hardest decision that I've ever faced in my life,' he said. 'I came to the realisation about why I started doing this last winter after years of struggle, years of living on the edge, my mum working 90 hours-a-week, having bailiffs at the door,' he continued. 'I'm going to find a way where we don't have to struggle, where my mum can enjoy her life and I'm able to put everything into this sport because when you're thinking about how to pay the rent this month and you're standing at the start line, that's not very conducive [to performing well],' he said. The dilemma facing Rozentals is not isolated. Olympic gold medallist diver Jack Laugher also joined OnlyFans in 2024 to supplement his income, posting non-explicit photos of himself in competition gear. Laugher's father emphasised the platform is 'nothing that you couldn't show your grandma,' underscoring the legitimacy of athletes seeking alternative income sources amid limited funding. UK Sport, responsible for the Athlete Performance Award (APA) system, confirmed recent increases in athlete funding but declined to comment on ongoing investigations. For Rozentals, the answer could define not just his future, but the future of British sport itself.

Workshop for officials to address consumer grievances effectively held
Workshop for officials to address consumer grievances effectively held

The Hindu

time3 hours ago

  • The Hindu

Workshop for officials to address consumer grievances effectively held

Consumer complaints can be effectively resolved at the officer level itself, thereby avoiding legal escalation, said Ramesh Bandisidde Gowda, MLA and chairman of Chamundeshwari Electricity Supply Corporation (CESC). He was addressing a one-day legal workshop jointly organised by the Karnataka Electricity Regulatory Commission (KERC) and the CESC at the Karnataka Power Transmission Corporation Engineers' Association auditorium at Kadakola near here. The workshop was attended by chairpersons, members, and officials of various consumer grievance redressal forums. This workshop is aimed at equipping officials with legal understanding to address consumer grievances effectively, Mr. Bandisidde Gowda said. 'When consumers encounter problems, they generally approach local officials. If those officials handle the issues with seriousness, most complaints can be resolved swiftly without reaching courts or regulatory bodies,' he observed. He said that failure by officials to fulfill their responsibilities often compels consumers to seek legal remedies. 'We have seen several such instances. However, if every officer works with dedication, the number of complaints reaching the commission or judiciary can be reduced. Due to the commitment of both officials and elected representatives, our region has witnessed a decline in grievance cases,' he claimed. Inaugurating the workshop, KERC member H.K. Jagadish highlighted the importance of legal literacy among officials. Electricity is indispensable in today's world. Understanding the evolution of electricity laws helps in resolving consumer complaints more efficiently, he said. Mr. Jagadish traced the history of electricity laws in India, noting that the first law was enacted in 1887 during the British rule with a focus on safety. Today, the electricity sector functions under the Electricity Act of 2003. With power being generated from multiple sources, consumers have now become central stakeholders in the legal and regulatory framework besides transmission and distribution subjects, he added. KERC member Javed Akhtar pointed out that there is a lack of public awareness about grievance redressal forums. 'Many consumers visit local offices to resolve their issues but remain unaware of formal complaint forums. This information gap discourages consumers from filing complaints,' he said. He urged that all Escoms should publish complaint procedures prominently on their websites, mobile apps, and notice boards for the benefit of public. KERC secretary Siddeshwar, Mysuru zone chief engineer D.J. Divakar, Hassan zone chief engineer Harish Kumar, CESC chief financial officer G. Renuka, and other senior officials were present. Technical presentations were conducted after the inauguration.

Domestic gas price drops to two-year low of $6.41/mmbtu, first time below ceiling
Domestic gas price drops to two-year low of $6.41/mmbtu, first time below ceiling

Time of India

time3 hours ago

  • Time of India

Domestic gas price drops to two-year low of $6.41/mmbtu, first time below ceiling

New Delhi: The domestic natural gas price has dropped to a two-year low of $6.41 per million British thermal units (mmbtu) for June, delivering a major boost to city gas companies and other users of price-regulated fuel. Cooking and transportation costs could ease if city gas distributors choose to pass on some of the benefit to end consumers. The price of domestic gas—also known as the Administered Price Mechanism (APM) price—is set monthly by the government based on the average crude oil price in the preceding month. A recent decline in crude prices has brought the June gas price down to $6.41 per mmbtu from $6.93 in May, according to a government notification. The effective price in May was $6.50, the ceiling for domestic gas. For the first time since the current pricing formula was introduced in April 2023, the domestic gas price has fallen below the ceiling, thanks to a sharp drop in crude oil prices. Over the past two years, elevated crude prices had made the ceiling the effective market price each month. The average Indian crude basket price in May was $64.05 per barrel, down from $67.73 in April. Lower crude prices will also reduce the cost of 'new well' gas for city gas distributors. Priced at 12% of the crude oil rate, new well gas constitutes a significant portion of their input costs. Live Events Economic Times WhatsApp channel )

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store