https://timesofindia.indiatimes.com/technology/tech-news/are-more-job-cuts-coming-is-he-feeling-guilty-about-or-microsoft-employees-react-to-ceo-satya-nadellas-memo/articleshow/122926472.cms
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The company will continue to optimize headcount as needed so the answer is always yes.
Though with new push on perf management some orgs should be able to avoid cuts by using that