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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline

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Jamie Dimon says his stockbroker father taught him to invest with a 'brutally hard' childhood game
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Microsoft cuts many open job listings in weakening economy

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Dina Bass
Dina Bass
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Bloomberg
Bloomberg
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By
Dina Bass
Dina Bass
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Bloomberg
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July 20, 2022, 7:14 PM ET
Satya Nadella, chief executive officer of Microsoft.
Satya Nadella, chief executive officer of Microsoft. Hollie Adams—Bloomberg/Getty Images
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Microsoft is eliminating many open job listings, including in its Azure cloud business and its security software unit, as the economy continues to weaken.

The hiring freezes will continue for the foreseeable future, Microsoft said, while declining to comment further on which departments and businesses are impacted. The company said it is honoring job offers that have already been made for open roles, and will make some exceptions for critical roles. It’s an expansion of a hiring slowdown disclosed in May, which mostly affected its Windows, Office and Teams groups. 

Earlier this month, Microsoft cut less than 1% of its 180,000-person workforce, affecting groups such as consulting and customer solutions, but had said it planned to finish the current fiscal year with increased headcount. The moves follow others in technology. Google Chief Executive Officer Sundar Pichai told staff to expect a hiring slowdown for the remainder of the year. Apple Inc. is also planning to slow hiring and spending at some divisions next year, people familiar with the matter said Monday.

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