Bloomberg in recession?

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pipproof

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5d 25 Comments

I made a post recently comparing msft and Bloomberg in a recession. Majority of blind picked microsoft. Bloomberg has literally never had a layoff for sde, donates bunch of profit to charity and does not have shareholders to answer to. Msft is not like that being public.
Am I missing something? Like overlooking something about microsoft? I am trying to understand how/why msft would be safer?

Obviously I am talking about layoff abcd employee survival.
TC:170K

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TOP 25 Comments
  • Microsoft has the largest safety net of cash reserves on hand.
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    stjvdt7r

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    stjvdt7r
    I think Bloomberg makes good money even when market tanks. That and Bloomberg not being public are probably what makes Bloomberg one of the safest companies to work for. Layoffs are also a company culture thing. Msft has always been sitting on mountains of cash. Yet they choose to layoff. We say that in last recession. Idk why it would be any different now.
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  • It depends on which team in both companies. Msft will layoff nonessential teams which it has a lot of.
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      OP
      Unfortunately not in azure
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      stjvdt7r

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      stjvdt7r
      LOL. Azure had layoffs in 2020 I believe. At least I recall seeing massive thread on blind
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  • Bbg is very safe but common ppl we had tons of lay offs. Everyone forget about the entire POMS, trade book and then KYC teams? Those were 3 different lay offs. Pre pandemic of course
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    • Have no idea about the details around lay off. Everything was done hush hush, I found out about each by accident. One person got transferred mid year into our department & I was his mentor so he spilled the beans on KYC, very few ppl were kept & moved internally. Same with Tradebook-met someone at the airport who commented on my bunit, ended up being a lay off casualty of Tradebook, said he misses Bbg & wish he could’ve landed another role internally, I felt bad and didn’t ask too many questions.
      Then there was the lay off within sales, half of high profile workflow specs were laid off. Our layoffs do not end up in the news and ppl get escorted the same day so no one hears about it
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      pipproof

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      OP
      Oh... wow. Yeah I could not find a single engineering layoff article
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  • Yes, BBG does NOT lay off and has no need to. Profit margins are very healthy and growing and the only year I can remember when we didn't meet revenue targets and experienced some contraction, Mike helped personally fund the bonus pool that year. I would be shocked if there was ever a layoff as long as Mike is alive.
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