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Microsoft CEO calls job cuts in the midst of big profits the 'enigma of success' in internal memo
Business Insiderยท 2025-07-24 16:27
Microsoft CEO Satya Nadella sent a note to employees on Thursday explaining why the company has cut thousands of jobs while generating huge profits and spending billions on AI. "This is the enigma of success in an industry that has no franchise value," Nadella wrote. "Progress isn't linear. It's dynamic, sometimes dissonant, and always demanding. But it's also a new opportunity for us to shape, lead through, and have greater impact than ever before."Microsoft this year has said it would shed about 15,000 e ...