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Axios
5 days ago
- Business
- Axios
Microsoft and Costco named among most trusted brands
Some Seattle-area companies rank among the world's most trusted big brands, according to the latest Axios Harris Poll 100 reputation rankings. How it works: The survey is the result of a partnership between Axios and Harris Poll to gauge the reputation of the most visible brands in America, based on 20 years of Harris Poll research. Zoom in: Redmond-based Microsoft ranked as the No. 3 most trusted company among this year's top 100 brands, jumping 15 spots from last year. Costco — headquartered in Issaquah — ranked fifth, up from No. 11 last year. Nintendo and Amazon both ranked in the top 20, placing them in the "very good" reputation category. T-Mobile and Starbucks were 54th and 71st, respectively. Yes, but: Boeing ranked 88th, in the "very poor" category. The aerospace giant, which was founded in Seattle and has factories in Renton and Everett, has struggled in recent years to rebound from a series of quality and safety problems. Those incidents included a door plug blowout that caused an airplane panel to fly off mid-flight in January 2024, and two 737 MAX crashes in 2018 and 2019 that killed 346 people.
India Today
16-05-2025
- Business
- India Today
Big tech layoffs: Microsoft, Amazon, Google are on layoff spree, over 61000 jobs slashed in 2025
The tech industry is once again facing a wave of widespread layoffs. Big tech players including Microsoft, Amazon and Google are slashing thousands of jobs again amid unstable economic conditions. As revenues take a hit, and artificial intelligence (AI) reshapes offices and work, companies are making deep cuts to improve efficiency and redirect their to layoff tracker so far in 2025, over 61,220 tech workers have been laid off across 130 companies. Here is a brief look at all the recent layoffs announced by big tech companies like Microsoft and Google. advertisementMicrosoft announces mass layoffsPerhaps the most notable of layoffs in this round have been announced by Microsoft. On 13 May, the Redmond-based giant announced its decision to cut 6,000 jobs — its largest layoff since 2023 — impacting about 3 per cent of its global workforce of 228,000. These layoffs have affected employees across all levels and locations, including nearly 2,000 in Washington state alone. Microsoft says that it is restructuring teams to stay competitive in what it describes as a 'dynamic marketplace.' The company has clarified that the latest job cuts are not performance-related but are instead part of efforts to reduce layers of management and increase the ratio of engineers to non-technical earlier in January, Microsoft had also carried out smaller performance-based layoffs and trimmed roles in the gaming and sales announces more job cutsadvertisementGoogle has been trimming large and small numbers of employees following the mass layoffs in 2023. Recently, the company joined the layoff trend again, cutting approximately 200 jobs from its global business unit in early May. This team handles sales and partnerships and is now undergoing restructuring to 'drive greater collaboration' and serve customers more effectively, Reuters noted in a layoffs at Google follow a series of workforce reductions earlier this year, including hundreds of jobs in its Platforms & Devices unit (Android, Pixel, Chrome) in April, voluntary exits, and cuts in its cloud division in February. Notably, the company's parent, Alphabet, laid off 12,000 workers — 6 per cent of its global workforce — in January also slashing jobsNews of another round of layoffs came from Amazon as well this month, as the company laid off around 100 employees from its Devices and Services unit, which oversees products like Echo speakers, Alexa, Kindle, and Zoox self-driving cars. According to the company, these layoffs were needed to align better with its product roadmap and streamline latest layoffs follow earlier workforce reductions which happened earlier this year in 2025 and continue a broader effort to eliminate what the company called 'unnecessary layers' in its organisational announces job cutsAnother notable layoff announcement came from cybersecurity company CrowdStrike, which joined the trend last week. It confirmed in an email to its employees that it is laying off 5 per cent of its workforce to sharpen focus on profitability and long-term success. The company did not provide an exact number but emphasised the changes are part of a strategic workforce realignment.
Yahoo
15-05-2025
- Business
- Yahoo
Microsoft layoffs hit its Silicon Valley workforce
Microsoft is slashing its Silicon Valley workforce. The tech giant, which is based in Washington but also has Bay Area offices, is cutting 122 positions in Silicon Valley, according to a layoff notice sent to the California Employment Development Department this week. Microsoft cited a reorganization and restructuring within the company as the reason for the job cuts. Bay Area Microsoft employees, who will lose their jobs in July, were working remotely or out of offices in Mountain View and Santa Clara, Calif. Microsoft also owns LinkedIn, a social network for professionals, that is based in Sunnyvale. The layoffs in California make up a fraction of the 6,000 workers the Redmond-based tech company is cutting. Microsoft said Tuesday that it's shedding roughly 3% of its global workforce, making it one of the company's largest job cuts in two years. It's the latest in a series of layoffs that continue to rattle the tech industry since 2022. Read more: Bay Area tech workers thought their jobs were safe. Then the 'golden handcuffs' came off The job cuts come as the rise of artificial intelligence, which can also generate code, is raising questions about how technology will impact software engineers and other workers. Software engineering roles made up 53% of Microsoft's job cuts in Silicon Valley, according to data provided to the EDD. Positions in product management, applied sciences, electrical engineering and other fields were also eliminated. In April, Microsoft Chief Executive Satya Nadella said that as much as 30% of the company's code is written by AI during a conversation with Meta Chief Executive Mark Zuckerberg at the social network's AI developer conference. Zuckerberg has also said that he thinks AI will be able to write code like a mid-level engineer in 2025. As Microsoft competes with other major tech companies such as Google and Meta to release more popular AI-powered tools, the company said it's trying to increase how fast it moves by reducing the number of managers. 'We continue to implement organizational changes necessary to best position the company for success in a dynamic marketplace," Jeff Jones, a Microsoft spokesperson, said in a statement. The company also said it's trying to reduce redundancies while also empowering employees to spend time on more meaningful work by leveraging technology. As of June, Microsoft employed 228,000 full-time workers and more than half of those workers were in the United States, the company's annual report said. Microsoft reported revenue of $70 billion for the third quarter of its fiscal year ending in March, a 13% increase compared to the same period last year. The company's net income was $26 billion, up 16% year over year. The Associated Press contributed to this report. Sign up for our Wide Shot newsletter to get the latest entertainment business news, analysis and insights. This story originally appeared in Los Angeles Times.
Los Angeles Times
15-05-2025
- Business
- Los Angeles Times
Microsoft layoffs hit its Silicon Valley workforce
Microsoft is slashing its Silicon Valley workforce. The tech giant, which is based in Washington but also has Bay Area offices, is cutting 122 positions in Silicon Valley, according to a layoff notice sent to the California Employment Development Department this week. Microsoft cited a reorganization and restructuring within the company as the reason for the job cuts. Bay Area Microsoft employees, who will lose their jobs in July, were working remotely or out of offices in Mountain View and Santa Clara, Calif. Microsoft also owns LinkedIn, a social network for professionals, that is based in Sunnyvale. The layoffs in California make up a fraction of the 6,000 workers the Redmond-based tech company is cutting. Microsoft said Tuesday that it's shedding roughly 3% of its global workforce, making it one of the company's largest job cuts in two years. It's the latest in a series of layoffs that continue to rattle the tech industry since 2022. The job cuts come as the rise of artificial intelligence, which can also generate code, is raising questions about how technology will impact software engineers and other workers. Software engineering roles made up 53% of Microsoft's job cuts in Silicon Valley, according to data provided to the EDD. Positions in product management, applied sciences, electrical engineering and other fields were also eliminated. In April, Microsoft Chief Executive Satya Nadella said that as much as 30% of the company's code is written by AI during a conversation with Meta Chief Executive Mark Zuckerberg at the social network's AI developer conference. Zuckerberg has also said that he thinks AI will be able to write code like a mid-level engineer in 2025. As Microsoft competes with other major tech companies such as Google and Meta to release more popular AI-powered tools, the company said it's trying to increase how fast it moves by reducing the number of managers. 'We continue to implement organizational changes necessary to best position the company for success in a dynamic marketplace,' Jeff Jones, a Microsoft spokesperson, said in a statement. The company also said it's trying to reduce redundancies while also empowering employees to spend time on more meaningful work by leveraging technology. As of June, Microsoft employed 228,000 full-time workers and more than half of those workers were in the United States, the company's annual report said. Microsoft reported revenue of $70 billion for the third quarter of its fiscal year ending in March, a 13% increase compared to the same period last year. The company's net income was $26 billion, up 16% year over year. The Associated Press contributed to this report.
Time of India
01-05-2025
- Business
- Time of India
Microsoft Q3 performance: $70.1 billion revenue & 18% profit surge, driven by cloud and AI
Microsoft delivered a strong quarterly performance, with robust gains from its cloud computing and artificial intelligence business helping the tech giant report $70.1 billion in revenue and an 18% surge in profits for the January–March period. The Redmond-based company posted a net income of $25.8 billion, or $3.46 per share, comfortably beating Wall Street forecasts of $3.22 per share. Revenue was also ahead of expectations, rising 13% year-on-year and outpacing analysts' predictions of $68.44 billion. CEO Satya Nadella credited the company's continued focus on cloud and AI as the driving force behind the results. 'Cloud and AI are the essential inputs for every business to expand output, reduce costs, and accelerate growth,' he said in a statement. Microsoft's cloud division brought in $26.8 billion, marking a 21% increase compared to last year and beating estimates of $26.17 billion. The company's personal computing unit, which includes its Windows operating system, Surface laptops, and Xbox gaming services, also saw a 6% boost, generating $13.4 billion in revenue. Despite broader turmoil in the tech sector and economic volatility under President Donald Trump's second term, marked by new tariffs and stock market instability, Microsoft's earnings provided a welcome lift for investors. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like People Aged 50-85 With No Life Insurance Could Get This Reassured Get Quote Undo The company's share price, which had dipped nearly 8% since January to almost $395, rebounded more than 6% in after-hours trading following the release of its results. Speaking to investors, Nadella said demand for cloud and AI services remains strong. 'We just want to make sure we are accounting for the latest and greatest information,' he added, pointing to Microsoft's ongoing efforts to adjust its investments based on new computing efficiencies and evolving customer needs. As tariff-related uncertainty continues to loom over parts of the business, Microsoft's performance has offered a rare moment of optimism for the tech sector in a turbulent economic climate. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
