“Given the choice, we prefer weenies over shrimp.” — Mike Murray, then Microsoft’s head of human resources, May 1993. Hood’s comments above came from the Microsoft’s fiscal fourth-quarter earnings conference call, explaining the company’s approach to financial analysts. As part of the belt-tightening, the company is also reportedly making cutbacks in its Modern Life Experiences (MLX) group. Before the cutbacks, the company added a record 40,000 employees in its most recent fiscal year. Listen to the latest episode of the GeekWire Podcast below for more on the economic outlook for Microsoft and other large tech companies.

Source: Wall Street Journal August 10, 2022 18:47 UTC