LONDON—Investors managing more than $350 billion of assets have demanded that Microsoft publish more transparent tax and financial information, as tech giants face growing scrutiny globally over their tax affairs. A shareholder resolution on tax transparency had been filed to Microsoft ahead of its annual investor meeting this year, said the organiser of the action,…
Microsoft Retiring Emotion-Reading Technology, Limiting Access to Facial Recognition Amid Concerns Over Privacy
June 22, 2022
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Microsoft on Tuesday announced it would stop selling technology that predicts a person’s emotional state and gender amid concerns over its privacy and a lack of consensus on a definition of “emotions.” Sarah Bird, principal group product manager at Microsoft’s Azure AI unit, announced the decision—part of Microsoft’s efforts to ensure its AI technology is used…
Information Workers Operating Remotely Less Productive Over Long Term, Study Claims
Information workers doing their job remotely have been found to be less productive over the long term, according to a study on staff at Microsoft. Whilst the study’s authors observed a productivity increase in the short-term immediately after companies made a switch from in-office to working remotely, work hours increased over a prolonged period, which…
Microsoft Retires Internet Explorer
Microsoft retired its flagship web browser Internet Explorer on Wednesday, 27 years after the once-dominant software was launched, causing little commotion in the West but raising alarms in Japan. Internet Explorer quickly took over as the hegemonic web browser after its launch in 1995, edging out early competitors like Netscape by being bundled with Microsoft…
Microsoft Scales Down Russia Operations Due to Ukraine Crisis
Microsoft Corp. said on Wednesday it was making substantial cuts to its business in Russia, joining a string of companies that are reducing their exposure or pulling out of the country following its invasion of Ukraine. The company, however, said it would fulfill its existing contractual obligations with Russian customers, while the suspension of new…
This Day in Market History: Judge Orders Breakup of Microsoft
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 2000, U.S. District Court Judge Thomas Penfield Jackson ruled that Microsoft Corporation was a monopoly and must be broken up into two companies. Where the Market Was The Dow closed at 10,812.86. The…
Here’s How Analysts Reacted to Microsoft’s Outlook Revision
Microsoft Corp. on Thursday updated its Q4 and FY23 guidance due to recent unfavorable currency headwinds. Microsoft cited an incremental $460 million headwind from FX to its total revenue guidance issued in late April, representing slightly less than a 100bps delta on total revenue. Microsoft now expects revenue of $51.94 billion–$52.74 billion in Q4 (down ~1…
Microsoft Says Will Not Resist Unionization Efforts by Employees
Microsoft Corp. will not resist unionization efforts from its employees, its President Brad Smith said on Thursday. Microsoft recognizes employees legal right to choose to form or join a union, although they “will never need to organize to have a dialogue” with leaders, Smith said in a blog post on Thursday. The comment comes against…
Microsoft Joins Peers in Hiring Slowdown Amid Economic Volatility
Microsoft Corp. looks to slow hiring in its Windows, Office, and Teams chat and conferencing software groups, Bloomberg reports. Recently, Microsoft disclosed plans to double its budget for salary increases and boosting stock grants to retain key workers. Microsoft’s slowdown was not companywide, and overall it will continue to hire with additional focus on where those resources go….
Here’s How Microsoft Addressed Complaints From Smaller European Cloud Companies
Microsoft Corp.’s pitch to Brussels directly addressed competition worries with a clear geopolitical purpose prompted by recent complaints from smaller European cloud companies, the Financial Times reports. Microsoft laid out a series of “principles” that it would follow out of respect for Europe’s concerns. Any customer who has paid to license Windows or Office under Microsoft’s…
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