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CNBC
3 hours ago
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U.S.-China trade truce: chip design software and jet engine makers among the early beneficiaries
CNBC's Squawk Box anchors Martin Soong and Chery Kang talked about the U.S. lifting curbs on chip design firms to export software to China as tensions eased between the two countries.
Business Insider
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- Business Insider
‘Tariffs Are Not Inflationary,' Says Bessent
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CNBC
6 hours ago
- CNBC
Microsoft layoffs hit 830 workers in home state of Washington
Among the thousands of Microsoft employees who lost their jobs in the cutbacks announced this week were 830 staffers in the company's home state of Washington. Nearly a dozen game design workers in the state were part of the layoffs, along with three audio designers, two mechanical engineers, one optical engineer and one lab technician, according to a document Microsoft submitted to Washington employment officials. There were also five individual contributors and one manager at the Microsoft Research division in the cuts, as well as 10 lawyers and six hardware engineers, the document shows. Microsoft announced plans on Wednesday to eliminate 9,000 jobs, as part of an effort to eliminate redundancy and to encourage employees to focus on more meaningful work by adopting new technologies, a person familiar with the matter told CNBC. The person asked not to be named while discussing private matters. Scores of Microsoft salespeople and video game developers have since come forward on social media to announce their departure. In April, Microsoft said revenue from Xbox content and services grew 8%, trailing overall growth of 13%. In sales, the company parted ways with 16 customer success account management staff members based in Washington, 28 in sales strategy enablement and another five in sales compensation. One Washington-based government affairs worker was also laid off. Microsoft eliminated 17 jobs in cloud solution architecture in the state, according to the document. The company's fastest revenue growth comes from Azure and other cloud services that customers buy based on usage. CEO Satya Nadella has not publicly commented on the layoffs, and Microsoft didn't immediately provide a comment about the cuts in Washington. On a conference call with analysts in April, Microsoft CFO Amy Hood said the company had a "focus on cost efficiencies" during the March quarter.
