Microsoft hosted Sting concert in Davos a night before announcement to cut 10,000 jobs: report

PTI, Jan 21, 2023, 10:47 AM IST

Representative Image (Source: Pinterest)

New York: A night before Microsoft announced it was laying off 10,000 people, the technology giant hosted a private concert by artist Sting for about 50 people including its top executives in Davos during the annual World Economic Forum meeting, a media report said.

The Wall Street Journal said in a report that “on Tuesday evening, Microsoft hosted an event. It was an intimate gathering of 50 or so people, including the company’s top executives, who got to while away the evening listening to a performance by the musical artist Sting.

The concert in Davos came a night before the technology giant announced its was laying off 10,000 workers in its largest round of layoffs since 2014.

In a communication to employees Wednesday, Microsoft CEO Satya Nadella said his company will lay off 10,000 workers, or less than five per cent of its total workforce, as the technology giant aligns its cost structure with revenue and customer demand.

“We’re living through times of significant change,” Nadella had said, adding that while customers accelerated their digital spend during the pandemic, “we’re now seeing them optimise their digital spend to do more with less. We’re also seeing organisations in every industry and geography exercise caution as some parts of the world are in a recession and other parts are anticipating one.” The WSJ article said that the Sting concert on Tuesday night “would end up sounding a sour note to some employees at Microsoft” on Wednesday when the company announced plans to lay off 10,000 people.

“As the Microsoft layoffs came down, some employees described it all as a bad look. While hobnobbing at Davos is part of doing business for major tech corporations and the events are planned far in advance making it difficult to change them, some employees thought it wasn’t the right time for a company-sponsored Sting concert. The theme of the event was sustainability,” the WSJ article said.

During this year’s World Economic Forum, Nadella was interviewed on stage for a Wall Street Journal panel and he spoke about the promise of artificial intelligence. He also discussed headwinds for the tech industry, and the need to do more with less, the article added.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Karnataka Cabinet decides to implement all five guarantees

Mumbai: Told to pay for excess baggage, woman claims to have bomb in her bag

Kadaba: MESCOM lineman electrocution case; case registered against officials

Audi chaiwala gives Mumbaikars a taste of luxury

UP: Permission denied for Brij Bhushan’s ‘maha rally’ in Ayodhya on Jun 5

Someshwar beach moral policing case: Police arrest 5, including minor

Karkala: Anganwadi worker duped of Rs 5 lakh; case registered

Related Articles More

Jordan’s crown prince weds scion of Saudi family in ceremony packed with stars and symbolism

Drone strikes hit Moscow and Kyiv – in the growing world of drone warfare, anything goes when it comes to international law

Indian Overseas Congress denounces allegations relating to Rahul Gandhi’s US visit being ‘controlled by certain minority group’

Rahul Gandhi holds interactions with Silicon Valley AI experts, startup entrepreneurs

Indian national wins big in Korean survival drama Squid Game at Singapore company dinner-dance


Here’s a simple home remedy to make black lips look red.

Tribe people in brhills

An accident between cars on National Highway 66, four injured

Natana Rangashaale | Udayavani

Jagadish shettar defeated Basavaraj bommai in 1994

Latest Additions

FIR against WFI chief: Wrestlers narrate instances of sexual favours demand, sexual harassment, inappropriate touching

Delhi Police registers FIR in connection with removal of files from office of vigilance special secretary

ED attaches Rs 58 lakh worth of assets of Ludhiana travel agent on money laundering charges

Chemical found in sucralose found to damage DNA

MUDA employee found dead at workplace; suicide suspected