Saturday, July 13, 2024
HomeTop NewsMicrosoft will stop advertising on television for fear of dismissal

Microsoft will stop advertising on television for fear of dismissal

Published on

Technology giant



Microsoft
-4.46%














Closing:0

Opening:260.25

High:260.54

Low:252.86

Wheel:


Page Quote News Graphs Company Profile Recommendations


More articles on the subject:




(NYSE: MSFT) Business Insider reports that it will stop its TV commercials. Depending on the risk, the company may stop airing its ads to save money as house costs fall.

The agency noted three anonymous sources within the company who said Microsoft would stop broadcasting ads. The report follows a report by Variety News Agency stating that the company did not buy pre-broadcast commercial time, i.e. before the commercial itself aired.

“We have no information to add,” Microsoft sources told Browns.

A source close to the company said that the company had cut advertising costs as a result of rising interest rates in the country and damaging the supply chain to avoid the need to lay off workers.

In 2021, Microsoft invested approximately $ 294.8 million in TV advertising. Microsoft subsidiaries such as Xbox, for example, will continue to be advertised on TV by the IPG agency that previously represented it.

Shares of Microsoft fell 3.7 percent at the time of writing, according to the Nasdaq index, while losing 3.1 percent. Compared to the previous month. (For review)

This fact indicates to investors how the US Federal Reserve is likely to remain aggressive and raise interest rates to cool inflation.

Microsoft is the latest in a series of technology giants that will slow down employee employment in 2022 due to financial uncertainty. The recession in the company’s jobs is expected to mainly affect the Windows, Office and Teams teams. In addition, the company downgraded in early June Financial forecasts for the second quarter report.

Comments on the article(0):


Your response has been received and will be published subject to system policies.
Thanks.

For a new response


Your response was not sent due to a communication problem, please try again.

Back to comment

Latest articles

Ireland. After several attacks, the American Bully XL dogs were kicked out

The Irish government announced on Friday it would ban American Bully XL...

American Bully XL dogs banned in Ireland

PublishedJuly 12, 2024, 4:59 pmIreland: American Bully XL dogs banned after multiple attacksThe country...

Rory McIlroy pressures Keegan Bradley to turn down Ireland captaincy

Share this article Share the post "Rory McIlroy puts pressure...

More like this

Ireland. After several attacks, the American Bully XL dogs were kicked out

The Irish government announced on Friday it would ban American Bully XL...

American Bully XL dogs banned in Ireland

PublishedJuly 12, 2024, 4:59 pmIreland: American Bully XL dogs banned after multiple attacksThe country...