Microsoft laying off several thousand employees - Tech
"We continue to implement organizational changes necessary to best position the company and teams for success in a dynamic marketplace," a Microsoft spokesperson said in an email.
The cloud computing tech giant did not disclose the total amount of lost jobs but as of June 2024 it employed 228,000 people, bringing the latest layoffs to about 9,000 people.
The job cuts follow a round in May that saw about 6,000 positions culled from its global workforce.
The company, which is advancing in its plans to deploy AI across all its products, said it was working to "empower employees to spend more time focusing on meaningful work by leveraging new technologies and capabilities."
"Even in the best of times, we have regularly adjusted our workforce to meet the strategic demands of the business," the company added.
Microsoft, which celebrates its 50th anniversary this year, was one of the first tech giants to double down on artificial intelligence when the launch of ChatGPT in 2022 rocked the tech industry.
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Al-Ahram Weekly
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Microsoft laying off several thousand employees - Tech
Microsoft on Wednesday said it was slashing a little less than four percent of its global workforce as it seeks to cut layers of middle management and leverage new technologies. "We continue to implement organizational changes necessary to best position the company and teams for success in a dynamic marketplace," a Microsoft spokesperson said in an email. The cloud computing tech giant did not disclose the total amount of lost jobs but as of June 2024 it employed 228,000 people, bringing the latest layoffs to about 9,000 people. The job cuts follow a round in May that saw about 6,000 positions culled from its global workforce. The company, which is advancing in its plans to deploy AI across all its products, said it was working to "empower employees to spend more time focusing on meaningful work by leveraging new technologies and capabilities." "Even in the best of times, we have regularly adjusted our workforce to meet the strategic demands of the business," the company added. Microsoft, which celebrates its 50th anniversary this year, was one of the first tech giants to double down on artificial intelligence when the launch of ChatGPT in 2022 rocked the tech industry. Follow us on: Facebook Instagram Whatsapp Short link:
See - Sada Elbalad
a day ago
- See - Sada Elbalad
Silver Pound Replaces Gold as Preferred Gift in Egypt Amid Surging Prices
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In addition, many families have started to include the silver pound as part of symbolic engagement offerings, reflecting the economic realities that have prompted a reevaluation of spending priorities. This shift began gaining traction last year when local Facebook pages launched grassroots campaigns promoting silver over gold with slogans like 'Gold isn't proof of love,' 'Silver is a blessing,' and 'You don't need gold to get married.' 'Symbolic Value at an Affordable Price' Some factories have already begun producing special editions of the silver pound bearing national symbols or themed designs for events such as Mother's Day and graduation ceremonies, further boosting demand. Outlook: Sustained Demand Expected Market analysts expect this trend to continue through the second half of the year, especially if gold prices maintain their upward trajectory. 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This shift isn't limited to individuals—it now includes businesses aiming to reward employees or partners without breaking the bank. Why the Silver Pound is a Preferred Gift and Investment Several reasons have driven the preference for silver pounds among both consumers and businesses: Affordability: The silver pound is an economical alternative to gold, allowing for meaningful gifting without high financial strain. Investment Value: While silver is less expensive than gold, it remains a safe-haven asset that holds value over time—especially in periods of inflation and uncertainty. Some reports even suggest silver can outperform gold under certain conditions. Flexibility and Variety: Silver bullion comes in a wide range of shapes and designs, making it ideal for both personal and corporate gifting. The silver pound, in particular, carries a historical and cultural resonance that enhances its appeal. 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CPX elevates security excellence with Microsoft Intelligent Security Association (MISA) membership - Middle East Business News and Information
CPX Holding, a leading provider of cutting-edge cyber and physical security solutions and services, today announced it has joined the Microsoft Intelligent Security Association (MISA), a prestigious ecosystem of independent software vendors (ISV) and managed security service providers (MSSP) that have integrated their solutions with Microsoft's security technologies. This milestone underscores CPX's continued commitment to delivering advanced, AI-powered cybersecurity solutions that protect digital infrastructure across critical infrastructure sectors. By joining MISA, CPX gains access to exclusive technical resources, collaborative opportunities, and joint go-to-market initiatives with Microsoft to help strengthen global security resilience. In addition to signalling the quality and reliability of CPX's cybersecurity solutions, the MISA membership translates to greater value for its customers. This includes enhanced solution integration for smoother deployments, early access to Microsoft's evolving security capabilities to address future threats proactively, and a deeper alignment with global best practices that ensures the highest standards of protection. 'Joining MISA is a major step forward in our mission to build a more secure and resilient digital world,' said Hadi Anwar, CEO of CPX. 'As a trusted national champion with expanding international reach, CPX is proud to collaborate with Microsoft to offer integrated, future-ready cybersecurity solutions. This partnership amplifies our impact, accelerates innovation, and enables us to better serve enterprises and governments in the UAE and beyond.' 'Cyber threats are becoming increasingly complex and widespread. MISA unites the expertise of trusted security leaders, and we are pleased to announce CPX as a new member,' stated Ahmed Hamzawy, Chief Partnership Officer at Microsoft UAE. 'By working together, we can assist customers in defending against today's sophisticated attacks with improved speed, integration, and confidence.' Members are invited to join MISA based on a rigorous nomination process led by Microsoft security stakeholders. Eligibility requires demonstrated integration with MISA-qualified Microsoft security products, strong technical alignment, and multiple customer references. Final approval is granted by the MISA Governance Council. CPX's membership reinforces its role as a trusted provider of integrated security solutions, empowering organizations to strengthen their security resilience.
