Microsoft Layoff Severance Package – All of you! Welcome back to Review Week, our newsletter for the most read stories of the past seven days. Want to your mailbox? Register here!
The most read article on the site this week, unfortunately, is about layoffs, this time at Microsoft. While the company plans to increase headcount in the coming months, it is currently cutting “less than 1%” of its 180,000 workforce as it focuses on “redefining workgroups and roles.” While “less than 1%” may not seem like a big deal, it is still 1% of 180,000,000.
Microsoft Layoff Severance Package
He didn’t understand his problems with fake DMCA removal. Hilariously cool YouTube music streamer Lofi Girl was charged with violating the DMCA this week. This channel is popular with students/programmers/those looking for an easy beat to focus on, so the complaints are loud and clear.
Fortune India: Business News, Strategy, Finance And Corporate Insight
TikTok absorbs…what?: After years of incredible growth, you would expect TikTok to host more user activity than competing social networks — Facebook, Snapchats, etc. — but would you argue it’s having an impact? Google maps? The senior vice president of Google says yes.
Airlift closes: Airlift, one of Pakistan’s newest start-ups, closed abruptly this week. On Tuesday, employees were told that the on-demand delivery service would be suspended the day after the critical collection phase was removed.
DoorDash Wants More Orders: Do you often use DoorDash’s DashPass service? Bad news. Your order “minimum” — essentially the amount you must order before DashPass actually does anything — will increase in the coming weeks. Previously $12 for a meal or $35 for groceries, the new minimum “varies by store, city and day,” he says. In other words: algorithms.
Tech Layoffs 2022 Explained: Amazon, Twitter, Meta, Asana, And More
Tesla is losing a major leader in artificial intelligence. When it was announced in March that Tesla’s head of artificial intelligence, Andrei Karpathy, was taking a temporary sabbatical, it was rumored to be the first step towards his more formal exit from the company. Sure: Karpathy announced his retirement on Wednesday. Karpathy said he has “no concrete plans” for the future.
Nothing official: A few years ago, OnePlus co-founder Carl Pei left the company to start a new hardware venture called Nothing. This week, after months of derision/rumors, the company announced its first phone, aptly named Phone (1). Brian Heather spent some time with the phone and his thoughts on it and the wild LEDs on the back are here.
Have you ever wondered what your favorite author is like? Most likely not! But if you have… check out our podcasts! This week:
Amazon Lays Off Some Devices Unit Staff As It Targets 10,000 Cuts
Are you already a + member? If not, then this is a great read. While most of what we cover is completely free, some of the really interesting content is only available to TC+ subscribers.
Upfront Pricing Strategy: Product pricing can decide the fate of a company, but the right price today will not be the right price tomorrow. How can values be adapted without looking “parasitic”? How do you rate something in a “brand new category”? Michael Perez, director of early stage venture development at M13, dives deeper into it all.
How to protect your capital if you get laid off: If you get laid off… what happens to the capital you received as part of your compensation package? Unfortunately, the answer isn’t always clear, but Compound’s Adam Kisling shows you what to think about in order to keep your progress. “Like all companies, we are constantly evaluating our business priorities and making structural adjustments accordingly,” he said. “Over the next year, we will continue to invest in our business and hire employees in key growth areas.”
Microsoft Announces Biggest Ever Job Cuts: 18,000 In The Next Year
The company did not specify the number of layoffs or units involved, but Axios said the cuts were at “different levels, teams and locations around the world” and amounted to 1,000,000 employees.
Microsoft capped part of its payroll in 2022. In May, for example, hiring cuts were announced for the Office and Windows divisions. Bloomberg suggested in July that the company would cut jobs in “hot” areas such as cybersecurity and the Azure cloud platform.
Meanwhile, CEO Satya Nadella has invested in employee retention efforts. In an internal email released earlier this year, Nadella said he would double his salary budget and increase his annual stock compensation. “The most significant growth will be in market demand and early and mid-career positions.” “In addition, we are increasing annual bonuses by at least 25 percent for all levels 67 and below.”
Microsoft Lays Off Employees After Slowdown In Earnings Growth
Microsoft isn’t the only tech giant to cut wages or cut jobs, nor is it the only one trying to retain top tech talent. Apple, Meta, Salesforce, and Google have slowed down or froze recruitment. At the same time, Amazon raised the maximum wage for its corporate and technology employees from $160,000 to $350,000 (on top of giving a “record number” of shares).
Keeping costs down while still paying highly intelligent (and usually well-paid) technologists is a challenge for any company. With tech unemployment still very low, there are plenty of opportunities for highly skilled workers to move into positions that offer more money, flexible hours and other benefits. For managers around the world, retention isn’t just about money, it’s about listening to team members to figure out what they really want when it comes to projects, benefits, and rewards.
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White Collar Layoffs Soar Amid Worries About Economic Slowdown
Nick Kolakowski has written for The Washington Post, Slashdot, eWeek, McSweeney’s, Trilist, WebMD, Trader Monthly, and more. He is also the author of a couple of heart-warming thrillers: A Cruel Heart is Broken and Maxine Reveals Judgment Day.
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