S Pakhrin

Microsoft hosts private Sting concert in Davos hours before huge layoffs

On Wednesday morning Microsoft announced it was laying off 10,000 employees, about 5 percent of its total headcount, in response to lowered revenue and a “re-aligned core structure.” Hours earlier, dozens of Microsoft executives attended an exclusive, company-funded Sting concert outside of the World Economic Forum in Davos, Switzerland. The combination of the two events […]


Facebook/Meta to make huge job cuts

Facebook’s parent company Meta is reportedly planning to begin large-scale lay-offs this week that will affect thousands of employees. US media reported at the weekend that the job cuts could be announced as early as Wednesday. During Meta’s disappointing third quarter results, chief executive Mark Zuckerberg said staffing might fall. “In 2023, we’re going to […]