There is no denying that the rich are different. And selfish. And self-serving. This is a classic example of how they just don't give a fuck about us regular folk...
Microsoft has come hosted an 'intimate' Sting concert for executives in Switzerland the night before announcing it would lay off 10,000 employees. Fifty executives all crowded into a venue to listen to Sting perform at a Davos ski resort on Tuesday evening, according to the Wall Street Journal. The executives were in Davos for the World Economic Forum - a meeting where executives and millionaires meet yearly.
Employees told the Wall Street Journal that the Sting concert was a bad look for the company, as performances by the guy earn him upward of $500,000 a pop according to his booking agency AAE Music. Although it's unclear if Sting was paid for the performance, does anyone think he'da done it for free?
The following morning, the company announced it would be slashing 10,000 jobs - roughly five percent of its workforce - after suffering from 'macroeconomic conditions and changing customer priorities.'
It marks the largest layoffs at Microsoft since 2014. The company also laid off around 1,000 workers last year. Other tech companies are also facing layoffs, such as Amazon and Twitter. Some workers were told by the end of the day on Wednesday that they lost their jobs, while others would find out later. Downsizing will be done by the end of the third quarter in 2023.
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