Hearing rumors that 10K 5 percent only beginning and expect 10 to 15K laid off every quarter so 20 percent layoff. That breaks satyas 2014 record of 18K people laid off which was like 18 percent most of it Nokia. Industry veterans is msft really that mismanaged and poor with their financial projections? TC 155K
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200B+ revenue and 70B+ profits and Microsoft can't pay these 20% people. What BS! Microsoft is just FOMOed about layoffs
Everyone says to cut twice as deep as you think you have to when doing layoffs, because multiple layoffs are terrible for morale. They still happen because a company is in more trouble than they realize or they don't heed this advice. Most decently run companies will just do one round, but there will be a few where there are multiple rounds of layoffs.
So msft did 2 to 3 rounds in 2009 and same in 2014
Stripe when?
Time to buy msft stock then ?
There is no good long term reason for laying this many people off unless the economy completely tanks. Short sighted reasons maybe…
Aren't msft layoff short sighted anyway?
Yes 20 percent east target
Is there a cool down period for rejecting veeva offer?
You can try out reaching recruiter . No. Lay off for next 3 years in veeva as per memo . 1600 open jobs and hiring and making lots of profit .
Lots of tech companies have been hoarding talent over the last few years just to keep them out of the hands of competitors. The money was flowing so it wasn’t much of an impact to the balance sheet. Now that a recession is on the horizon, they can dump the excess talent. Bad timing because now their competitors are not hiring.
> on the horizon uh