Microsoft to Lay Off 3% of Global Workforce
May 14, 2025: Microsoft has announced plans to reduce its global workforce by approximately 3%, affecting roughly 10,000 employees across multiple departments.
- May 18, 2025 3:30 am
- California
June 30, 2022: -The Philippines’ incoming finance minister wants to get his county back on a growth path and tackle pressing economic issues like its huge debt pile.
“As finance secretary, I’ll have a different role,” said Benjamin Diokno, the central bank governor. “I’ll be heading the economic team. We want to get back to our growth trajectory before the crisis,” he told CNBC on Wednesday.
“That’s our plan to keep the growth momentum going because I think it’ll solve a lot of our problems right now, including the ballooning deficit-to-GDP ratio and the debt-to-GDP ratio,” said Diokno, the governor of Bangko Sentral ng Pilipinas.
The Government’s Philippine national debt hit 12.76 trillion Philippine pesos at the end of April, data released by the Treasury showed.
In February, the Department of Finance announced a financial consolidation plan for the coming administration, focusing on the need to reduce the country’s pandemic-induced debt.
In 2019, before the pandemic began, the Philippines was one of the fastest-growing economies in the world, but its services and the remittances-led economy were severely hurt by Covid-19.
The government had to resort to emergency borrowing to cover the massive cost of its Covid response and the corresponding drop in revenue followed by mobility restrictions and economic slowdown.
“The debt-to-GDP ratio right now is 63%. That’s not scary; it’s fairly manageable,” Diokno noted. “As long as we increase at around 6-7% for the next six years, that will easily go down to less than 60%.”
The governor said the recent administration has no intention of implementing tax hikes, nearly not within the initial year. He is OK with the tax reform packages left by the last government President Rodrigo Duterte.
“The tax reform program we pushed in the Duterte administration has two remaining sections. These initial two measures are supposed to be revenue-neutral,” he said.
“But they will simplify the tax system. So we will keep pushing them. And I expect this to be approved this year, and then we will implement it coming year.”
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
May 14, 2025: Microsoft has announced plans to reduce its global workforce by approximately 3%, affecting roughly 10,000 employees across multiple departments.
May 13, 2025: The Trump administration is considering suspending the constitutional right of habeas corpus in a bid to accelerate mass deportations.
April 29, 2025: Donald Trump’s second term has reached the 100-day mark under sustained public skepticism, with national approval ratings
April 24, 2025: NATO closely monitors a series of Russian naval exercises in the northern waters near Finland and Norway amid heightened military activity
April 23, 2025: The U.S. Supreme Court is preparing to issue a ruling on whether AI-generated political speech is protected under the First Amendment
Manufacturers often struggle with generating accurate and timely quotes, delaying customer responses and risking profitability. Traditional quoting processes can take days or even weeks, while customers expect responses within 24 hours. Micro Estimating Systems addresses these challenges with advanced software that allows users to generate highly accurate quotes in minutes. By integrating with shop-specific data and automating feature recognition, their solutions ensure precision and speed, empowering manufacturers to make informed decisions and enhance their operational efficiency.