Microsoft (MSFT) announced on Wednesday that it is cutting 10,000 jobs as the tech giant contends with slowing PC and cloud sales. But according to at least one analyst, the layoffs are a proactive move as Microsoft and its Big Tech counterparts are forced to reckon with the unsustainable growth they saw during the pandemic. “It was a rip-the-Band-Aid-off moment from Nadella and Microsoft, and we’re seeing it across tech,” Wedbush analyst Dan Ives told Yahoo Finance Live. “These… Source link
Read More »Microsoft layoffs a ‘rip the band-aid off’ moment: Analyst Dan Ives
Microsoft (MSFT) announced on Wednesday that it is cutting 10,000 jobs as the tech giant contends with slowing PC and cloud sales. But according to at least one analyst, the layoffs are a proactive move as Microsoft and its Big Tech counterparts are forced to reckon with the unsustainable growth they saw during the pandemic. “It was a rip-the-Band-Aid-off moment from Nadella and Microsoft, and we’re seeing it across tech,” Wedbush analyst Dan Ives told Yahoo Finance Live. “These… Source link
Read More »Target’s latest pivot was a ‘rip the bandaid off type event’: Analyst
The general read from Wall Street in the wake of Target’s surprise warning on Tuesday is that things can’t get much worse from here. “While this news is painful to digest, we are hopeful that this is a rip the bandaid off type event that will allow the company to operate more efficiently in the second half and beyond,” RBC Capital Markets analyst Steven Shemesh wrote in a new note to clients. “We expect investors to tread with caution near-term, but believe this decision ultimately makes the… Source link
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