Lucid Motors slashes 12% of its workforce as it seeks profitability

Lucid Motors slashes 12% of its workforce as it seeks profitability

Source: TechCrunch

Summary

Microsoft is laying off hundreds of full-time workers in the US, according to an internal memo obtained by TechCrunch. The layoffs are part of a larger restructuring effort. The exact number of affected employees is not specified. The move is seen as a cost-cutting measure. The company has not publicly commented on the layoffs.


Our Reading

The announcement sounds ambitious.

Microsoft is “restructuring” again. Because that always works out. Hundreds of full-time workers are now former employees. The company is being tight-lipped about the details. This is just another chapter in the never-ending cycle of tech industry “disruption”.

Original observation: “Microsoft is once again leading the charge in the field of ‘creative’ HR solutions.”


Author: Evan Null