Microsoft held invite-only Sting concert for top executives before mass layoffs: Report

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Microsoft held invite-only Sting concert for top executives before mass layoffs: Report
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Microsoft is taking some heat after the tech giant reportedly held an exclusive music event for top executives in Davos, Switzerland last week before announcing mass layoffs. According to The Wall Street Journal, the multination corporation last Tuesday (Jan 17) treated 50 executives, including some o

Microsoft is taking some heat after the tech giant reportedly held an exclusive music event for top executives in Davos, Switzerland last week before announcing mass layoffs.

According to booking agency AAE Music, it can cost more than US$500,000 to hire the singer for a private gig.and take a US$1.2 billion charge to earnings, as its cloud-computing customers reassess their spending and the company braces for potential recession. Customers wanted to"optimize their digital spend to do more with less" and"exercise caution as some parts of the world are in a recession and other parts are anticipating one," he said."At the same time, the next major wave of computing is being born with advances in AI."

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