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

• PhilipTheBucket@quokk.au ⁨1⁩ ⁨day⁩ 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 ⁨1⁩ ⁨day⁩ ago

  I don’t think Microsoft is owned by private equity

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  • mojofrododojo@lemmy.world ⁨1⁩ ⁨day⁩ 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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