this post was submitted on 22 Nov 2023
196 points (98.0% liked)

Technology

59402 readers
2949 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

Some Microsoft employees fume over the company's open offer to hire hundreds of OpenAI staff::Current employees point to layoffs and a salary freeze this year at Microsoft and wonder why it's promising to match the pay of OpenAI staff.

you are viewing a single comment's thread
view the rest of the comments
[–] autotldr@lemmings.world 5 points 1 year ago

This is the best summary I could come up with:


In February, even some staff working on cloud and AI — Microsoft's priority growth areas — were cut.

In May, CEO Satya Nadella said Microsoft was freezing salaries and reducing its bonus and stock award budget for the year.

In July, Microsoft was still conducting layoffs, beyond the original 10,000, BI reported at the time.

Microsoft also shuttered projects and laid off staff in its "industrial metaverse," its previous major AI initiative.

And then, after Microsoft's AI partner OpenAI fired its CEO Sam Altman, Nadella announced on Monday that he'd hired Altman and OpenAI President Greg Brockman to run a new cutting edge AI research group.

Some believe that the new OpenAI unit could be good for employees, especially if Microsoft's stock rises.


The original article contains 353 words, the summary contains 123 words. Saved 65%. I'm a bot and I'm open source!