Tux Machines
Posted by Roy Schestowitz on Apr 06, 2023
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=> ↺ Palantir stock declines following expansion of Microsoft partnership
They're down by about 2.3% right now.
=> ↺ Tech layoffs raise new alarms about how platforms protect users
Microsoft cut a key team focused on ethical AI product development.
=> ↺ Microsoft shelves plans for new London office complex
Microsoft has abandoned plans to establish a new 500,000 sq ft office complex in London, months after announcing it would lay off 10,000 staff worldwide.
According to property website React News, the American tech giant had been on the lookout for a location in London as a replacement for its current office leases in Reading, due to expire in 2026.
However, Microsoft seems to have postponed any plans for a new office complex for the time being, in light of the current economic conditions.
"We are committed to the UK and have facilities across the country," a spokesperson for Microsoft told The Register.
"We regularly review our portfolio to make sure it meets the needs of our people and our long-term business."
Microsoft established its Thames Valley Park headquarters in the 1980s in the busy M4 corridor, along with many other tech businesses. The lease was renewed in 2010, when approximately 2,000 employees were working at the site.
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