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Microsoft layoffs a ‘rip the band-aid off’ moment: Analyst Dan Ives
Microsoft (MSFT) announced on Wednesday that it is reducing 10,000 work opportunities as the tech large contends with slowing Personal computer and cloud revenue. But in accordance to at the very least 1 analyst, the layoffs are a proactive shift as Microsoft and its Huge Tech counterparts are forced to reckon with the unsustainable expansion they saw throughout the pandemic. “It was a rip-the-Band-Aid-off minute from Nadella and Microsoft, and we’re looking at it across tech,” Wedbush analyst Dan Ives explained to Yahoo Finance Dwell. “These businesses have been paying out like 1980’s rock stars at a rate that was unsustainable.” Big tech organizations like Microsoft, and Amazon (AMZN), and…