software
Xbox chief says company can't afford to mistake longevity for inevitability
Hard times have come to Microsoft employees. Thousands of Microsoft team members reported to work following the US holiday weekend to learn their jobs no longer exist, with Redmond gutting its Commercial business and Xbox team, and spinning off several game studios to cut costs. Microsoft human resources boss Amy Coleman announced that the company is eliminating some 4,800 roles Monday morning in a letter to employees the company published online. Coleman explained that Microsoft is doing the layoffs, which will reduce its global headcount by around 2.1 percent, because the business of technology is changing, which means that Redmond can’t be the same slow, unwieldy vessel it has been for years.“The way technology is built, deployed, and used is transforming faster than at any point in my time here,” explained Coleman, who has worked in HR at Microsoft for nearly 17 years. “That means we will need to adjust resources and roles and shift how we operate so we can have the greatest impact for our customers.”
It doesn’t help that Microsoft’s stock price has fallen by nearly a quarter in the past 12 months either, although Coleman didn't mention that in her note. She did, however, mention AI.
