Microsoft mass layoffs coming?

New
deadmond

New

deadmond
Apr 28 64 Comments

MSFT beat expectations but not by a whole lot. I anticipate as economy worsens and gdp gets worse, next quarter they will not meet wall streets expectations.
Historically, Microsoft is pretty quick to jump on the layoff club and start mass layoffs as we saw in 2009 with 5000 people let go.
Do you see mass layoffs coming? Which areas are they going to cut more from? Maybe they will RIF/Reorg throughout all the divisions? Maybe they will target remote first? Non hq sites? Different divisions? O365? Azure? Odsp?

Satya nadella and Amy hood have done very well for the company but will employees be safe upcoming recession, who knows

TC: 175K
#recession #severance #bloodbath #pip #ura
[Blind] Check out this post! Question for those who lost their Job at Microsoft in 2008 great recession (Hardware Engineering Career)
https://us.teamblind.com/s/YTSK3YsQ
https://www.epi.org/publication/many_highly_profitable_companies_cut_jobs_in_2009/

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TOP 64 Comments
  • an anonymous platform + no GF + no friends == shitposting
    Apr 28 0
  • Plaid
    randeeyo

    Go to company page Plaid

    randeeyo
    Please. Calm. Down.

    Nobody knows.
    Apr 28 1
  • Google
    FIRE man

    Go to company page Google

    BIO
    Blogging about tech careers and personal finance at https://EngineerSeekingFIRE.com
    FIRE man
    > Microsoft is pretty quick to jump on the layoff club and start mass layoffs as we say in 2009 with 5000 people let go.

    This is fake news. I was working at Microsoft during the whole 2008 crisis. They decided to freeze our salaries for one year and do no layoffs. One of the most stable companies during that time.
    Apr 28 10
    • Google
      FIRE man

      Go to company page Google

      BIO
      Blogging about tech careers and personal finance at https://EngineerSeekingFIRE.com
      FIRE man
      This was the announcement and the idea was to do a few waves of layoffs, but the plan was not completed, as the economy became better. Many of the people, who were laid off in each wave found jobs in other parts of the company (if I remember correctly, they had 1-2 months to search internally). And most of the next waves of layoffs never happened. The total number of people, who actually left the company was much less than 5k.

      Also, remember that Microsoft was a 100k+ person company at the time. So, even if they had laid off 5k people, it would be 5% of total employees. Amazon, FB and other companies fire 5% of the employees in a good year :)

      Also, I assume that you do know that the economy was going down the drain in 2008-2009, the stock market was tanking, Microsoft stock price had gone down 50%, etc, right? Because you keep posting that they were profitable and did mass layoffs…
      Apr 29
    • New
      deadmond

      New

      deadmond
      OP
      Yup. They did layoffs for stock price under Ballmer. Satya and Amy even more ruthless and msft even bigger now, 10K layoff probably
      Apr 29
  • Microsoft / R&D
    fjieuapl

    Go to company page Microsoft R&D

    fjieuapl
    With how little they’re paying us, laying us off won’t make much of a difference 😂
    Apr 28 1
    • New
      deadmond

      New

      deadmond
      OP
      Which is why maybe it will be mass 😂😂
      Apr 29
  • Ok Mr Astrologer. I bought a lottery ticket, will I win the jackpot next quarter?
    Apr 28 3