FAANG companies including MSFT keep over $100bil in their piggy banks. Why? Will they tap into their piggy banks to avoid too many layoffs when the recession hit?
One year during the recession MSFT didn’t give out awards - I think it was the same year they did a bunch of layoffs.
About $4T is kept overseas and bringing it back will cost them something like 15% in tax (minus what they paid in tax before) so that money isn't coming back into the US economy any time soon. (And any money they bring back will more likely go to stock buy backs to prop up the share price)
MSFT had layoffs and didn’t give out awards during the last recession. But they were still making it over $1B per month. They used the recession as an excuse to cut costs not because they had to. I doubt any FAANG company will be in a position where they have to lay off to stay profitable.
MSFT was way overdue for layoffs by 2009. The package was so good that people begged for it to be voluntary. Yet, they did it by business unit
As a new employee of MS, man I think it’s due for a layoff. There’s a LOT of bloat. Super smart people doing cool stuff don’t get me wrong, but they could be smarter and leaner and do exactly the same amount of work.
Wait Netflix is on this list with cash in the bank? 🤔
Clearly you don’t understand business. Hellllll no.
I'm engineer.