Microsoft CEO Satya Nadella addressed growing internal unease at the company Thursday morning in a company-wide memo that acknowledged the “uncertainty and seeming incongruence” of conducting layoffs while achieving record profits and AI investments. The tech giant has eliminated more than 15,000 positions in 2025, including 9,000 cuts in early July alone, marking one of the most aggressive periods of …
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Microsoft CEO Calls Job Cuts + Big Profits the ‘Enigma of Success’
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 …
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