News is filtering out that Microsoft is going to cut 10,000 jobs. Here’s the reason behind this according to a blog post from Microsoft:
We’re living through times of significant change, and as I meet with customers and partners, a few things are clear. First, as we saw customers accelerate their digital spend during the pandemic, we’re now seeing them optimize their digital spend to do more with less. We’re also seeing organizations in every industry and geography exercise caution as some parts of the world are in a recession and other parts are anticipating one. At the same time, the next major wave of computing is being born with advances in AI, as we’re turning the world’s most advanced models into a new computing platform.
As a result of this, this is where the job cuts come in:
First, we will align our cost structure with our revenue and where we see customer demand. Today, we are making changes that will result in the reduction of our overall workforce by 10,000 jobs through the end of FY23 Q3. This represents less than 5 percent of our total employee base, with some notifications happening today. It’s important to note that while we are eliminating roles in some areas, we will continue to hire in key strategic areas. We know this is a challenging time for each person impacted. The senior leadership team and I are committed that as we go through this process, we will do so in the most thoughtful and transparent way possible.
Not all the news is bad though:
Second, we will continue to invest in strategic areas for our future, meaning we are allocating both our capital and talent to areas of secular growth and long-term competitiveness for the company, while divesting in other areas. These are the kinds of hard choices we have made throughout our 47-year history to remain a consequential company in this industry that is unforgiving to anyone who doesn’t adapt to platform shifts. As such, we are taking a $1.2 billion charge in Q2 related to severance costs, changes to our hardware portfolio, and the cost of lease consolidation as we create higher density across our workspaces.
And I suspect, this is an attempt by Microsoft to not be seen as acting like Elon Musk:
And third, we will treat our people with dignity and respect, and act transparently. These decisions are difficult, but necessary. They are especially difficult because they impact people and people’s lives – our colleagues and friends. We are committed to ensuring all those whose roles are eliminated have our full support during these transitions. U.S.-benefit-eligible employees will receive a variety of benefits, including above-market severance pay, continuing healthcare coverage for six months, continued vesting of stock awards for six months, career transition services, and 60 days’ notice prior to termination, regardless of whether such notice is legally required. Benefits for employees outside the U.S. will align with the employment laws in each country.
I fully expect this to be the first of many announcements of this sort that we will hear in the coming days and weeks. As they say on Game Of Thrones, brace yourself.






New LinkedIn Data On the 20 Fastest-Growing Job Titles in Canada
Posted in Commentary with tags LinkedIn on January 18, 2023 by itnerdDespite economic uncertainty and global hiring slowing down, a recent global survey from LinkedIn reveals that 60% of professionals are considering a new job this year – driven by the desire for bigger salaries as the cost-of-living increases. The survey found that 38% desire higher pay while also revealing that 30% are looking to pursue a better work-life balance.
To provide insight on these trends, LinkedIn’s 2023 Jobs on the Rise list shows the 20 fastest-growing jobs in Canada, offering insights into where job seekers can find opportunity and stability as they search for their next role. The report features links to open positions, average salaries, remote work availability, the top skills for each role along with free LinkedIn Learning courses.
The top 5 roles in Canada include:
The full list, including industry, region, and salary insights for each role can be found here.
Methodology
LinkedIn Economic Graph researchers examined millions of jobs started by LinkedIn members from January 1, 2018 to July 31, 2022 to calculate a growth rate for each job title. To be ranked, a job title needed to see consistent growth across our membership base, as well as have grown to a meaningful size by 2022. Identical job titles across different seniority levels were grouped and ranked together. Internships, volunteer positions, interim roles and student roles were excluded, and jobs where hiring was dominated by a small handful of companies in each country were also excluded. Additional data points for each of the job titles are based on LinkedIn profiles of members holding the title and/or open jobs for that title in the country.
Leave a comment »