Squawk on the Street
Big Tech Layoffs: Microsoft to Eliminate 10,000 Jobs 1/18/23
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Show notes
Carl Quintanilla, Jim Cramer and David Faber engaged in a wide-ranging discussion about the big story of the morning:
Microsoft confirmed it plans to cut about 10,000 jobs or 5% of its workforce, joining the ranks of tech giants
implementing layoffs. The company also said it is taking a $1.2 billion charge in fiscal Q2 related to severance costs and
other changes. Also in focus: Wholesale inflation eases but retail sales fall in December, Nasdaq aims for an eight-session
win streak, Goldman Sachs CEO David Solomon's comments to CNBC about a potential "soft landing," United jumps on
earnings and guidance, Microsoft and Activision one year after their $69 billion deal was announced. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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