Tech giant Microsoft reportedly hosted a private event featuring a performance by music legend Sting attended by high-ranking executives just one day before announcing the layoff of 10,000 employees.
The Wall Street Journal reports that on Tuesday evening, Microsoft played host to an event attended by its highest-ranking executives featuring a performance by Sting. On the other hand, the company announced the following day that they intend to lay off 10,000 people, which will be the largest round of layoffs since 2014. According to a blog post written by the company’s CEO, Satya Nadella, this move reflects the necessity for the company to adapt to a slowdown in the global economy.
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