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Microsoft Sacked 1000 Workers Amid Recession and Decrease in Product Demand

Microsoft has fired about 1000 employees in its latest and third round layoff since the beginning of the year.

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Tech giant and American multinational company, Microsoft, has fired about 1000 employees in its latest and third round layoff since the beginning of the year.

While Microsoft planned to retrench about 1 percent of its workforce, the recent layoff cut across many countries around the world. 

Some of the affected staff, including a long-term employee of the company who was the product manager to the Chief Technology Officer, took to Twitter to announce the disappointing disengagement. 

While explaining the reasons for the layoff, Microsoft noted in a statement that the company had to make structural adjustments as needed. 

“Like all companies, we evaluate our business priorities on a regular basis. We will continue to invest in our business and hire in key growth areas in the year ahead”, the statement partly read. 

Investors King learnt that several tech companies such as Wipro, Tech Mahindra, Intel, Google and Infosys among others have laid-off employees or planning to do so. Similarly, a number of tech companies have resorted to freezing the hiring process.

Last week, the Times Magazine reported that Intel is planning a major reduction in headcount, likely numbering 20,000. The layoff is a result of the steep decline in demand for PC processors.

The widespread cut in workforce mostly in the tech companies is coming amid the recession and the decrease in product demand. 

It could be recalled that last month, Apple abandoned efforts to increase production of its iPhone 14 lineup by 6 million units after it witnessed low market demand. 

Meanwhile, the shares prices of many of the tech companies have also dropped significantly on the stock exchange. 

For instance, Microsoft has seen its share price drop by 30 percent from its height. Apple’s share has declined by more than 15 percent, Tesla has lost more than 30 percent, Adobe has shed more than 50 percent, Facebook has lost about 60 percent, Paypal has shed almost 70 percent, Snapchat has lost more than 80 while Amazon has lost around 38 percent. 

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Aviation Workers Kick Against the Concession of Murtala Muhammed Airport, Others

Aviation Unions have vowed to resist any attempt to concession any of the Nigerian International Airports amid a series of labour issues left unresolved. 

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Aviation Unions have vowed to resist any attempt to concession any of the Nigerian International Airports amid a series of labour issues left unresolved. 

Rising from an emergency congress at the headquarters of the Federal Airport Authority of Nigeria (FAAN), aviation unions noted that since the decision to concession the four most important airports in Nigeria was taken, the unions have vigorously opposed the idea.

The unions which attended the emergence congress include the Air Transport Senior Staff Association of Nigeria, the National Union of Air Transport Employees, and the Association of Nigeria Aviation Professionals.

Investors King could recall that the Federal Government is planning to concession four major international airports in Nigeria which include the Nnamdi Azikiwe International Airport, Abuja, Murtala Mohammed International Airports, Lagos, Mallam Aminu Kano International Airport, Kano, and Port Harcourt International Airport. 

According to the government, the concessions which are currently ongoing will usher more investment into the country’s aviation industry. 

Following the successful concession of the four major international airports, the government also intends to concession at least 17 other airports which are under the management of the Federal Airports Authority of Nigeria (FAAN). 

Meanwhile, the Minister of Aviation, Senator Hadi Sikira has announced the preferred bidders for three of the four international airports up for grabs. 

The minister announced Corporation America Airports Consortium as the preferred bidder for Nnamdi Azikiwe International Airport, Abuja while the preferred bidder for Murtala Mohammed International Airports was TAV/NAHCO Project Planet Limited. 

He added further that Corporation America Airports Consortium also emerged as the preferred bidder for Mallam Aminu Kano International Airport, Kano. 

In preparation for the concession, the minister of aviation has issued a directive for the demolition of the office of FAAN, the Nigeria Airspace Management Agency, and the Nigerian Civil Aviation Authority in Lagos.

This directive however did not go down well with aviation unions who alleged a lack of trust and transparency on the part of the minister. 

The unions observed that the rush to deliver the project at all costs showed some suspicion which could create a disaster for the country’s aviation industry. 

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Twitter to End Remote Work, Staff to Work 40 Hours a Week

Elon Musk has suspended remote work for the social media staff while he also noted that employees will now work 40 hours a week, an email sent to staff stated. 

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Twitter’s new owner, Elon Musk has suspended remote work for the social media staff while he also noted that employees will now work 40 hours a week, an email sent to staff stated. 

Investors King understands that the new work policy is coming after the company sacked 3,700 workers last week, about half of Twitter’s workforce. The cut in the workforce will subsequently require more working hours from the unaffected staff. 

In addition, Musk also stated in the email message that the “road ahead is arduous and will require intense work to succeed”. He added that “difficult times” lie ahead. 

In contrast to this, the microblogging platform informed its staff in May 2020, that the company would allow staff to work from home “forever”, if they wish because it recorded huge success during the pandemic lockdown. 

However, Musk who is also the CEO of Tesla and Word richest man noted that there could be exceptions in special conditions after such a case has been personally vetted by himself. 

“Remote work is no longer allowed, unless you have a specific exception. Managers will send the exception lists to me for review and approval,” Musk wrote in the email. 

Meanwhile, Elon Musk has revealed that Twitter is having a massive drop in revenue due to the suspension of paid advertisements on the platform by some notable brands.

It will be recalled that high-spending brands such as Volkswagen, Ford, and General Motors have suspended paid advertisements on Twitter. 

The brands had raised concerns with the new policy which the social media policy will adopt. 

Elon Musk had hinted that a number of banned accounts which includes Donald Trump’s will be reinstated while the platform will be open to “free speech”. 

Therefore, a handful of brands that are concerned that the platform will eventually open its floor for hate speech and divisive content are worried about what might be the effects of it. 

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Google Introduced New Platform “Interview WarmUp” to Help Job Seekers in Africa

Google launches a platform to help job seekers in Africa prepare for interviews

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American multinational tech company, Google has introduced a new platform named “Interview WarmUp” to help job seekers in Africa.

The new platform which was first released in October 2022 for exclusive users will help to prepare job seekers ahead of their interview. 

Although anyone irrespective of their career choice can use the platform, a check by Investors King, however, revealed that the platform is primarily designed for people who want to seek or further a career in the tech industry

Some of the specialised fields listed on the platform include Data Analytics, E-Commerce, IT support, Project Management, and UX Design. 

Interestingly, using the platform is entirely free and it can be accessed on the latest versions of Chrome on OSX, Windows, and Android, as well as the latest version of Safari on iOS devices. 

Intending users could click on the platform website “Interview WarmUp”  to get started. 

According to Google Africa’s head of Brand and Reputation, Mojolaoluwa Aderemi-Makinde, “Interview WarmUp” is a  tool that reinforces Google’s commitment to continue helping job seekers in Africa to improve their interview skills and prepare them for the careers they want. 

She added that the tool will help the users to stand out among the large number of people seeking for the limited available job opportunities in Africa. 

Meanwhile, Google has estimated that an average job listing in Africa attracts more than 2,400 applicants which makes most of the job listings highly competitive. 

The tech company added that starting a career in a new industry could be hard especially if there are no family members, friends, or mentors that can help.

In such a case, the use of Google “Interview WarmUp” could be helpful to be better prepared and instil confidence. 

While using “Interview WarmUp”, users will be asked a number of both technical and general questions ranging from users’ background, situational approach, and technical applications.

Users can also review their responses to the question and try the process all over again until they get better at it. 

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