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Microsoft’s Satya Nadella says tech needs efficiency as job cuts loom

As the jobs cut fears loom large over Microsoft as it announces 10,000 layoffs by the end of third quarter of fiscal 2023, Chief Executive Officer of Microsoft Corporation, Satya Nadella, said on Wednesday that the sector must learn to be efficient as the demand slows down. Speaking at the World Economic Forum in Davos, Switzerland, Satya Nadella said the world is going to go through a phase where there is normalisation in the demand.

“During the pandemic there was rapid acceleration. I think we are going to go through a phase today where there is some amount of normalization in demand,” said Satya Nadella at WEF, adding that the world will have to do more with less. “We will have to do more with less — we will have to show our own productivity gains with our own technology,” he said.

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