“Satya said starting literally on Day 1 the first priority is growing LinkedIn,” Mr. LinkedIn members will be able to draft résumés in Word to update their LinkedIn profiles. The company’s executives on Thursday will outline plans to integrate the professional identity people have on LinkedIn with Microsoft Outlook and the rest of the Office suite. Microsoft will use its sales and distribution muscle to do just that. Nadella said.īoth men said that expanding the business of LinkedIn, which has more 470 million members, was what they cared most about. “I absolutely think of LinkedIn as our Instagram,” Mr. Weiner said they had also looked to Facebook’s success in acquiring companies like the photo-sharing service Instagram, while granting them autonomy. “We both know that acquisition integrations are challenging.”Ī good model inside Microsoft is the company’s $2.5 billion purchase in 2014 of Mojang, the developer behind Minecraft, which has continued to grow under Microsoft’s ownership, retaining key employees along the way. “Neither one of us is a Pollyanna,” said Mr. Weiner will remain LinkedIn’s chief executive. It will not weave LinkedIn, which is based in Silicon Valley, into one of its existing product lines, nor will it treat it like a disconnected business. “So the stakes are absolutely high.”Ī key difference in the way Microsoft has approached the deal is the degree of independence it plans to give LinkedIn. “In this case, this is the most substantial, big M&A that Microsoft has done in its history,” Mr. In a joint interview shortly before their deal closed, Satya Nadella and Jeff Weiner, the chiefs of Microsoft and LinkedIn, described how they intended to make the acquisition work, where many before had failed. The company’s stock is trading at record highs. It has a new chief executive who has made a series of smaller deals that have shown positive results. Still, the Microsoft of 2016 is different from the unfocused giant of the past that lurched from deal to deal with wild-eyed ambitions of catching rivals like Google and Apple. Amazon: The company paused plans to build a second headquarters in Virginia, the latest reminder of the tech industry’s slowdown and the pandemic’s toll on in-office work.Those working on such projects were hit hard in recent layoffs. Bad Bets: Big tech companies have long been willing to fund efforts with no obvious payoff.Silicon Valley Bank: The sudden collapse of Silicon Valley Bank has set off panic across the tech world, rattling a start-up industry already on edge.
Meta: The company said that it planned to lay off about 10,000 employees, or roughly 13 percent of its work force - another round of job cuts after it laid off more than 11,000 people in November.
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