Microsoft’s Nadella Says Tech Needs Efficiency as Job Cuts Loom

Microsoft Corp. Chief Executive Officer Satya Nadella said the technology industry must learn to be efficient as demand slows.

“During the pandemic there was rapid acceleration. I think we are going to go through a phase today where there is some amount of normalization in demand,” Nadella said at the World Economic Forum in Davos, Switzerland. “We will have to do more with less — we will have to show our own productivity gains with our own technology.”