Microsoft CEO Sees Headwinds In 2023, but ‘Optimistic’ on US Amid Recessionary Storm

[Epoch-Times-Bot]

Microsoft CEO Sees Headwinds In 2023, but 'Optimistic' on US Amid Recessionary Storm

Microsoft CEO Satya Nadella acknowledged Thursday that “no industry is immune from macroeconomic issues,” but said he remains “optimistic” about the U.S. economy.
Speaking in an interview with CNBC, Nadella said that 2023 will definitely be a year of “challenges” similar to those faced in 2022, but added that he, as well as other business leaders, are hopeful that this tough “cycle” will come to an end, although the CEO did not say when exactly that will happen.
“Everyone has to manage their costs and demand properly,” Nadella said.
Microsoft has laid off a number of workers across multiple divisions this year amid a decline in revenue. In October, the company announced additional layoffs in an effort to cut costs ahead of what many believe to be an inevitable recession looms....

Source: Microsoft CEO Sees Headwinds In 2023, but 'Optimistic' on US Amid Recessionary Storm

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