Microsoft reportedly held a Sting concert in Davos the night before laying off 10,000 workers
A night before Microsoft announced the layoff of 10,000 people, the tech giant held a private concert by artist Sting for around 50 people, including its top executives in Davos during the annual meeting of the World Economic Forum , according to a media outlet. The Wall Street Journal said in a report that “Tuesday night Microsoft hosted an event. It was an intimate gathering of about 50 people, including senior company executives, who spent the evening listening to a performance by musical artist Sting.
The gig in Davos took place a night before the tech giant announced it was laying off 10,000 workers in its biggest round of layoffs since 2014.
In a communication to employees on Wednesday, Microsoft CEO Satya Nadella said his company would lay off 10,000 workers, less than 5% of its total workforce, as the tech giant aligns its cost structure with revenue. and customer demand.
“We live in a time of significant change,” Nadella had said, adding that while customers were accelerating their digital spending during the pandemic, “we are now seeing them optimize their digital spending to do more with less. We also see organizations across all sectors and regions treading cautiously as some parts of the world are in recession and others are anticipating one. The WSJ article said Tuesday night’s Sting concert would “end up sounding a sour note for some Microsoft employees” on Wednesday when the company announced plans to lay off 10,000 people.
“As the Microsoft layoffs were happening, some employees described it all as a bad image. Although frequenting Davos is part of the business of big tech companies and events are planned well in advance, making it difficult their change, some employees thought it was not the right time for a company-sponsored Sting concert. The theme of the event was sustainability,” the WSJ article said.
During this year’s World Economic Forum, Nadella was interviewed onstage for a Wall Street Journal panel and he spoke about the promise of artificial intelligence. He also discussed the headwinds for the tech industry and the need to do more with less, the article adds.