43 min listen
Big Tech Layoffs: Microsoft to Eliminate 10,000 Jobs 1/18/23
Big Tech Layoffs: Microsoft to Eliminate 10,000 Jobs 1/18/23
ratings:
Length:
46 minutes
Released:
Jan 18, 2023
Format:
Podcast episode
Description
Carl Quintanilla, Jim Cramer and David Faber engaged in a wide-ranging discussion about the big story of the morning:
Microsoft confirmed it plans to cut about 10,000 jobs or 5% of its workforce, joining the ranks of tech giants
implementing layoffs. The company also said it is taking a $1.2 billion charge in fiscal Q2 related to severance costs and
other changes. Also in focus: Wholesale inflation eases but retail sales fall in December, Nasdaq aims for an eight-session
win streak, Goldman Sachs CEO David Solomon's comments to CNBC about a potential "soft landing," United jumps on
earnings and guidance, Microsoft and Activision one year after their $69 billion deal was announced.
Microsoft confirmed it plans to cut about 10,000 jobs or 5% of its workforce, joining the ranks of tech giants
implementing layoffs. The company also said it is taking a $1.2 billion charge in fiscal Q2 related to severance costs and
other changes. Also in focus: Wholesale inflation eases but retail sales fall in December, Nasdaq aims for an eight-session
win streak, Goldman Sachs CEO David Solomon's comments to CNBC about a potential "soft landing," United jumps on
earnings and guidance, Microsoft and Activision one year after their $69 billion deal was announced.
Released:
Jan 18, 2023
Format:
Podcast episode
Titles in the series (100)
Squawk on the Street: Opening Bell 08/08/2019: The opening hour of CNBC’s "Squawk on the Street" with Carl Quintanilla, Jim Cramer and David Faber is broadcast each weekday from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential CEOs and greatest market minds by Squawk on the Street