Microsoft CEO Satya Nadella's $79.1 million pay for 2023 reflects the company's strong performance, despite his requested pay cut due to cybersecurity issues that affected government accounts.
Tags: Microsoft
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Delta Air Lines CEO Ed Bastian announced that a recent IT outage caused by a faulty CrowdStrike software update resulted in a $500 million loss for the airline and over 4,000 canceled flights.
Microsoft said that it would increase its spending on developing its artificial intelligence infrastructure despite a slowed growth in its cloud business.
Delta Airlines has hired David Boies, prominent attorney and chair of law firm Boies Schiller Flexner, in order to seek damages from CrowdStrike and Microsoft after an outage this month that caused millions of computers to crash, including those in airports.
Melinda French Gates, the ex-wife of Microsoft founder Bill Gates, said that the new generation of billionaires like Elon Musk, Peter Thiel, Jack Dorsey, and Bill Ackman are more vocal than financial in their efforts to make social changes.
It was not immediately clear how many employees were affected by Microsoft's recent layoffs. Tech giant Microsoft has quietly laid off an entire internal team focused on diversity, equity, and inclusion (DEI)---making the company the latest corporation to ditch diversity-based initiatives.
More than 2,000 flights in the US were canceled by Sunday evening following the tech outage. Hundreds to thousands of businesses worldwide are still struggling following a faulty software update that caused global tech outages on Friday.
A recent update to CrowdStrike Falcon Sensor software caused widespread "blue screen of death" errors for Microsoft users worldwide, impacting both individuals and businesses and resulting in a 1.3% drop in Microsoft's stock price.
Microsoft allegedly shut down accounts of Palestinians abroad, making them unable to connect to online services, including Skype, for communication with Gaza.
In China, Microsoft employees were banned from using Android phones and were forced to use iPhones only as a device, sparking social media backlash due to overreliance on foreign technologies.
