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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Many highly profitable companies cut jobs in 2009
Question for those who lost their Job at Microsoft in 2008 great recession
comments
Nobody knows.
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.
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…