CEO Microsoft He says he is optimistic about Asia, especially China and India, as Microsoft plans to build more data centers around the world.
We’re very optimistic about what’s happening in Asia,” Microsoft Chairman and CEO Satya Nadella told CNBC’s Tanvir Gill in an interview Thursday, adding that Microsoft is investing in at least 11 regions.
“We are fully committed to all of these countries and to China as well. Today, we mainly work to support multinational companies operating in China and multinational companies outside of China.”
He also added that India has become a “massive growth market” after emerging from the pandemic.
“Microsoft’s presence in India used to be mostly about multinational companies doing business in India. But now, it’s completely changed,” he said.
“It’s the other way around where these companies that are innovating in India, whether it’s the big conglomerates or the new startups, are using [artificial intelligence] Cloud technology to be able to innovate and create services that are obviously popular in India and elsewhere.”
Microsoft previously told Indian economic media that there is a huge demand for developing new cloud-native applications in India.
In October, Microsoft announced a round of layoffs affecting less than 1% of its employees.
Asked if there will be more job cuts to come as growth continues to slow, the CEO said: “We’re very committed to making sure that our operating expenses and revenue growth are kind of in line, because after all, we’re the company that has to be managed well.” Extremely “.
American tech giants have been laying off workers on a massive scale, but Nadella emphasized that he is optimistic about the labor market there.
Meta is laying off 11,000 workers, Snap is laying off more than 1,000 people, while Twitter cut about half of its workforce last month after Elon Musk took control of the social media giant.
“The current job markets are much more flexible,” Nadella said, adding that most companies from energy companies to banks and retailers need software engineers.
He added that no industry is immune to macroeconomic issues. “So everyone should properly manage costs and demand,” he said.
“One of the great things about the US is the amount of capital that is being invested,” he said, adding that new industrial infrastructure such as manufacturing plants, power plants and battery plants are being built.
“I’m more focused on watching what’s happening in terms of new growth within the US. So I’m very, very optimistic about the US and the world.”
Nadella replaced billionaire Steve Ballmer as CEO of Microsoft in 2014. Prior to that, Nadella was Executive Vice President of Microsoft’s Cloud and Enterprise Group.
Microsoft shares were at $241.73 in after-hours trading. Shares are down 27.8% year-to-date.
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