Microsoft To Cut Thousands of Jobs Across Divisions (reuters.com) 31
Microsoft plans to cut thousands of jobs with some roles expected to be eliminated in human resources and engineering divisions, according to media reports on Tuesday. From a report: The expected layoffs would be the latest in the U.S. technology sector, where companies including Amazon.com and Meta have announced retrenchment exercises in response to slowing demand and a worsening global economic outlook. Microsoft's move could indicate that the tech sector may continue to shed jobs.
"From a big picture perspective, another pending round of layoffs at Microsoft suggests the environment is not improving, and likely continues to worsen," Morningstar analyst Dan Romanoff said. U.K broadcaster Sky News reported, citing sources, that Microsoft plans to cut about 5% of its workforce, or about 11,000 roles.
"From a big picture perspective, another pending round of layoffs at Microsoft suggests the environment is not improving, and likely continues to worsen," Morningstar analyst Dan Romanoff said. U.K broadcaster Sky News reported, citing sources, that Microsoft plans to cut about 5% of its workforce, or about 11,000 roles.
No recession though (Score:3)
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Truth spoken
Re:No recession though (Score:5, Insightful)
It seems to me that planning for a coming recession is too long-term thinking for most public companies.
Maximizing profits for next quarter seems more like what the C-suite plans for.
The economy's growing just fine (Score:5, Interesting)
These layoffs are designed to weaken employee bargaining power. Employers are taking a short term hit to productivity & profit from lost employees in exchange for long term reduction in wages paid.
Wish I could get my fellow IT workers to think that far ahead, but they're still convinced it's better to buy a PS5 with Union dues than pocked the 11.2% wage hike [epi.org]
For you math whizzes you'd need to take home about $5k/yr for that to be a good trade.
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it's a big club, but you ain't in it [oxfam.org]
Groucho Marx: I refuse to join any club that would have me as a member.
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We don't want union communism in technology fields. Professional associations are a good idea though, like what doctors and lawyers do. But fuck off with the Teamsters/Mafia type union shit.
And you're going to get capitalism poverty (Score:3)
And you don't know fuck all about the history of unions. The Union's got buddy buddy with the mafia because th
Re:No recession though (Score:4, Insightful)
Or is it that companies just donâ(TM)t believe such as the Fed and other presumed experts.
Most Americans have reached a Soviet-like stage when it comes to the economy: we know that authorities are telling us how great things are while we look around at our checking accounts and pantries and store shelves and see differently. We know we're being gaslighted, and simply don't believe the authorities anymore. The very fact that the government doesn't count food and fuel costs in inflation calculations... a huge portion of common people's expenses... lets us know just how important we are in the government's eyes. Watch a mother's face when you tell her the economy is going great, and she's spending 50% more on the same groceries than she was just 18 months ago. Tell her there's no inflation when she's paying four to five times what she used to pay for a carton of eggs.
"Yeah, those things that you people literally can't live without... pffffft, unimportant. Things are fine".
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who thinks once a company hires a person, they can never ever fire them - and they have to hire them until they die.
Cue the one who believes the executives every time when they say they have to "cut costs" to justify a RIF, and then turn around and hand out bigger executive bonuses.
Start stretching now. Might not hurt you so much next month when they announce the reason for raising prices...
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France does, hence companies don't hire in France any more unless they absolutely must.
Microsoft 2022 Annual Report (Score:5, Insightful)
Re: Microsoft 2022 Annual Report (Score:2)
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Seems like they made a shitton of money so I'd say productivity is fine.
Oh well (Score:3)
Fewer bugs fixed, but perhaps fewer introduced as well.
Cut the New Windows Features developers (Score:2)
NTFS long filepath support in Explorer would be nice. After 20 years.
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Oh, and maybe they could get around to actually tell you which fucking file is locking the folder. You know, another 20+ year oversight.
Hands up if you didn't see this coming (Score:5, Insightful)
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How do we earn and build trust? It starts by applying our culture and values to build lasting relationships inside and outside Microsoft.
-- Welcome to our Trust Code, Microsoft Standards of Business Conduct
https://www.microsoft.com/en-u... [microsoft.com]
Follow the money (Score:3)
The more people that are laid off, the sooner the Fed will see a decrease in wage raises and stop raising rates so the stock prices will stop cratering. The savings from laying off a few people? Minimal. The results of the stock prices going up? Priceless. Follow the money.
Fix Bugs (Score:2, Interesting)
Why doesn't MS put them to work fixing all the damned bugs and UI inconsistencies in MS products? There is pleeenty of such work to do. It couldn't possibly be because they already wiped out the competition via bundling deals and hit-and-run subsidizing.
And they continue to buy (Score:1)
In 2021 Microsoft bought 15 companies. In 2022 they only bought 4, but their attempt to buy Activision is quite a doozy. Not even a full month into 2023 and they've bought a company already.
When a company gets so big, there should just be a rule that they can't buy anyone anymore. Think how many people lost their jobs because Microsoft bought out their company. They become redundancies that Microsoft doesn't need. Capitalism doesn't work if we just allow unrestrained consolidation.
Because they're acquiring millions of virtual empl (Score:2)
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