Microsoft's Nadella Says Tech Needs Efficiency as Job Cuts Loom

Microsoft Chief Executive Officer Satya Nadella said the technology industry must learn to be efficient as demand slows. From a report: "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," Nadella said at the World Economic Forum in Davos, Switzerland. "We will have to do more with less -- we will have to show our own productivity gains with our own technology." The company on Wednesday said it will cut 10,000 jobs through the end of FY23 Q3.

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