Big Tech Layoffs: Microsoft to Eliminate 10,000 Jobs 1/18/23

Published: Jan. 18, 2023, 3:34 p.m.

b'Carl Quintanilla, Jim Cramer and David Faber engaged in a wide-ranging discussion about the big story of the morning:\\nMicrosoft confirmed it plans to cut about 10,000 jobs or 5% of its workforce, joining the ranks of tech giants\\nimplementing layoffs. The company also said it is taking a $1.2 billion charge in fiscal Q2 related to severance costs and\\nother changes. Also in focus: Wholesale inflation eases but retail sales fall in December, Nasdaq aims for an eight-session\\nwin streak, Goldman Sachs CEO David Solomon\'s comments to CNBC about a potential "soft landing," United jumps on\\nearnings and guidance, Microsoft and Activision one year after their $69 billion deal was announced.'