Comment on After laying off 9,000 employees , Microsoft records $27.2 billion profit in latest quarter

PhilipTheBucket@quokk.au ⁨3⁩ ⁨weeks⁩ ago

• Fandangalo@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  The delusional motto private equity lives by.

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  • PhilipTheBucket@quokk.au ⁨3⁩ ⁨weeks⁩ ago

    I mean the private equity people get rich. It works for them. Sure, the hospitals / software companies / investors / employees / customers all suffer, but fuck 'em.

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  • possiblylinux127@lemmy.zip ⁨3⁩ ⁨weeks⁩ ago

    I don’t think Microsoft is owned by private equity

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    • mojofrododojo@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

      in a way… private equity blocks of institutional investment represent a huge chunk of outstanding shares.

      and one of the cruel aspects of all this: so many of those devs were drawn to work for MS subsidiaries - or their companies were drawn to sell to MS - because of stock options. Stock options which - for the vast majority of those devs - will never vest, and they’ll be shitcanned, and their shares will go back to the mothership.

      Stock options are a huge component when people are negotiating and studios are selling out, but only the top tier executives will ever get good shares vested in a sane timeline. The rest get it dangled to keep them onboard, then yanked because of a mythical need to cut costs when profits are through the roof.

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