[AbbeFaria]

It’s more nuanced than that. There are lines of business where there is plenty of growth and places where growth has stagnated or business is decelerating.

In the former, you can see some of the products that MSFT is shipping such as MAIA chips, Azure Horizon DB, MSFT Fabric, Sovereign clouds etc. These businesses are seeing steady growth and there’s plenty of work to be done whereas for products like IoT, XBox and anything to do with gaming in general etc you will see that there isn’t much growth left and yet these products have a lot of headcount behind them.

So MSFT isn’t stagnating (revenue keeps increasing). Although there are quite a few businesses within MSFT that can use a lot of headcount reduction, this is my take as a low level L63 grunt.

[treis]

These businesses didn't stop growing. They grew by how you say. Steady growth into adjacent markets and acquisitions. Not through innovative new products.

It's just a different mindset. It's no longer move fast and be first. It's well we'll get there eventually. Let's do it cost constrained and with minimal risk.