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

Comments

• ileftreddit@piefed.social ⁨1⁩ ⁨day⁩ ago

  $1.8 billion would have paid all 9000 people 200k for a year. 27 billion profit for one quarter.

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  • socialsecurity@piefed.social ⁨1⁩ ⁨day⁩ ago

    This is what winning looks like and most people are just hostage

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  • possiblylinux127@lemmy.zip ⁨20⁩ ⁨hours⁩ ago

    It is almost like it is a for profit company or something

    It isn’t a charity. The goal is to bring in money for the investors, nothing else.

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    • mojofrododojo@lemmy.world ⁨18⁩ ⁨hours⁩ ago

      do enough bad business and it’ll whip right around and effect those profits. watch.

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    • JasSmith@sh.itjust.works ⁨16⁩ ⁨hours⁩ ago

      -10 downvotes for stating a fact.

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  • vga@sopuli.xyz ⁨22⁩ ⁨hours⁩ ago

    This highlights a fundamental misunderstanding on how companies are supposed to operate.

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    • skisnow@lemmy.ca ⁨20⁩ ⁨hours⁩ ago

      This comment highlights a fundamental misunderstanding on how society should tolerate companies operating.

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• M0oP0o@mander.xyz ⁨2⁩ ⁨hours⁩ ago

  So what is that like 3 million per lay off?

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• PhilipTheBucket@quokk.au ⁨1⁩ ⁨day⁩ ago

  "Now that we threw all the supplies overboard, we're going a lot faster now."

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  • Fandangalo@lemmy.world ⁨1⁩ ⁨day⁩ ago

    The delusional motto private equity lives by.

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    • 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 ⁨20⁩ ⁨hours⁩ ago

      I don’t think Microsoft is owned by private equity

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• MetalMachine@feddit.nl ⁨3⁩ ⁨hours⁩ ago

  In the same light, they’ve applied for 14k H1B visas.

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• Chivera@lemmy.world ⁨1⁩ ⁨day⁩ ago

  And they tell me Microsoft will suffer because I pirated their software

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  • 1984@lemmy.today ⁨20⁩ ⁨hours⁩ ago

    Actually these days, windows is free because what Microsoft wants is your user data. And unless you stop that from being sent to Microsoft, you are generating profit for them every time you use your computer.

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    • fluckx@lemmy.world ⁨20⁩ ⁨hours⁩ ago

      If windows is free why are they still selling windows licenses. you might a free upgrade between 10/11. But windows is not free.

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    • mojofrododojo@lemmy.world ⁨18⁩ ⁨hours⁩ ago

      because what Microsoft wants is your user data

      yup. adverts all over windows 11, edge and now AI garbage pushed onto hapless users… it’s a complete shitshow.

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  • kurcatovium@piefed.social ⁨22⁩ ⁨hours⁩ ago

    If it weren't for you, they could do 27,20000000001 USD! Shame on you!

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  • JasSmith@sh.itjust.works ⁨16⁩ ⁨hours⁩ ago

    I don’t think Microsoft has cared about people pirating Windows for decades. They still permit people to use the MAS. It’s like two seconds to activate Windows for free forever now.

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  • possiblylinux127@lemmy.zip ⁨20⁩ ⁨hours⁩ ago

    I think it is silly to “support” large for profit companies

    Buy something if you like product.

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  • toiletobserver@lemmy.world ⁨1⁩ ⁨day⁩ ago

    Thar be bilge ordure

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• Allemaniac@lemmy.world ⁨16⁩ ⁨hours⁩ ago

  we should introduce a digital service tax for tech giants that want to enter the EU single market. Fuck greedy capitalists.

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  • OutlierBlue@lemmy.ca ⁨13⁩ ⁨hours⁩ ago

    Here in Canada we just canceled our digital services tax to please Trump.

    Now he’s making more demands, so it was well worth it.

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• DaddleDew@lemmy.world ⁨1⁩ ⁨day⁩ ago

  Stolen value.

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• kayohtie@pawb.social ⁨13⁩ ⁨hours⁩ ago

  I’m getting the same vibes as when I spike taxes in Sim City for Palm OS just before the year rolls over and then drop it back after.

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  • Hexarei@beehaw.org ⁨11⁩ ⁨hours⁩ ago

    for Palm OS

    A coyote of culture I see

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    • DoucheBagMcSwag@lemmy.dbzer0.com ⁨5⁩ ⁨hours⁩ ago

      Sadly not very well preserved in terms of emulation

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• Dark_Soul@lemmy.zip ⁨19⁩ ⁨hours⁩ ago

  Then they lay off more employees soon!!

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  • mojofrododojo@lemmy.world ⁨18⁩ ⁨hours⁩ ago

    another layoff

    then another press release on how high the profits are!

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• BaroqueInMind@piefed.social ⁨1⁩ ⁨day⁩ ago

  How would one working at said company who wants to work NOT get laid off? Is it simply luck, or does one need to manually suck every dick that exists in the company to remain an employee? Like, what's the point of ever doing a competent job if they plan to cut you anyways?

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  • possiblylinux127@lemmy.zip ⁨20⁩ ⁨hours⁩ ago

    Large companies like Microsoft tend to have very high competition. The trade off is that if you can do well the pay is going to be very well.

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    • sp3ctr4l@lemmy.dbzer0.com ⁨15⁩ ⁨hours⁩ ago

      No, no.

      The vast, vast majority of MSFT ‘employees’ are contractors, V dashes, A dashes, etc, who functionally keep working different MSFT contracts over and over again, but get paid far less than actual salaried, proper employees with stock options.

      MSFT will string along these contractors along with what you are saying ‘do well and we’ll hire you and pay the big bucks’, and in reality this basically never happens.

      This institutional, pathological reliance on contractors over traditional employees is a huge reason why MSFT’s work culture is so toxic, why MSFT’s management is so incompetent, and why their products seems more and more like a bunch layers of inefficient and buggy spaghetti code worked on by hundreds of random people with no core design principles.

      Because they are.

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  • LuxSpark@lemmy.cafe ⁨1⁩ ⁨day⁩ ago

    Be important or key. If not, you are fair game.

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  • vga@sopuli.xyz ⁨22⁩ ⁨hours⁩ ago

    How would one working at said company who wants to work NOT get laid off?

    To get a sense of proportions…

    www.macrotrends.net/stocks/…/number-of-employees

    So they’ve added 100 000 people in about 10 years and are now laying of 9000.

    Probably by a combination of 1) not being incredibly incompetent / toxic and 2) not being unlucky enough to be one of the very very few that are doing something management thinks is not needed.

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• fysyszykytypy@lemmy.world ⁨14⁩ ⁨hours⁩ ago

  “demand”

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• 0x0@lemmy.zip ⁨13⁩ ⁨hours⁩ ago

  So it’s BAU for M$.

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• possiblylinux127@lemmy.zip ⁨20⁩ ⁨hours⁩ ago

  Does anyone know why they played off that many?

  It seems like a weird move

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  • skisnow@lemmy.ca ⁨20⁩ ⁨hours⁩ ago

    Up til about ten years ago, doing mass layoffs was seen as a sign of company in trouble; it scared shareholders and it made talent less likely to apply to your company.

    Then enough of them did it often enough that the stigma fell away and it became a thing you did to get rid of underperformers, scare people into working harder, and separate the wheat from the chaff. Now it’s so commonplace that I’ve heard execs talk about it like it’s just what you’re supposed to do as part of good governance.

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    • mojofrododojo@lemmy.world ⁨18⁩ ⁨hours⁩ ago

      Up til about ten years ago, doing mass layoffs was seen as a sign of company in trouble; it scared shareholders and it made talent less likely to apply to your company.

      really good point.

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  • Psaldorn@lemmy.world ⁨20⁩ ⁨hours⁩ ago

    Short term gains.

    They think they can treat people like shit and then just re-hire when they need then again.

    I hope people learn not to trust them, customers and employees alike

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  • mojofrododojo@lemmy.world ⁨18⁩ ⁨hours⁩ ago

    from a gamedev perspective - they overinvested in studios, which are only pumping major returns into their coffers, but not anticipated AI returns so, cut the teams. and cut the teams some more.

    then cut the teams a bit more. 9000 layoffs ya know.

    well, maybe, then hire a bunch because maybe you cut too far?

    nah, cut some more. oblivion remastered only made an absolute shitton.

    it’s a move that’s making any dev looking to work with MS/Xbox really wary because it seems that they want their IP a lot more than their studios.

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  • JasSmith@sh.itjust.works ⁨16⁩ ⁨hours⁩ ago

    They massively over-hired and over-acquired during covid. Demand spiked and they started poaching every studio and developer they could find. These layoffs were likely always the plan for when demand dropped again, and when they needed to streamline and consolidate the studios they purchased.

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• vga@sopuli.xyz ⁨22⁩ ⁨hours⁩ ago

  The layoffs happened just recently, this profit has nothing to do with them. We’ll see in the next few quarters what the effect of these layoffs will be.

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  • MCasq_qsaCJ_234@lemmy.zip ⁨7⁩ ⁨hours⁩ ago

    You’re right, but it’s a shame they’re throwing downvotes.

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