Microsoft cuts 10,000 jobs

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I`m a baker and bakers dont strike... I need my well earned dough 😉, I bet all the mentioned professions earn way more than the current minimum wage.
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This kind of layoff also trickles down and impacts the low level workers in all industries. Whenever Boeing or Microsoft (or any company) do a massive layoff, the workforce suddenly has a bunch of skilled workers that often trickle down into lower jobs. They aren't all going back into tech and aerospace jobs elsewhere. They are working at (for instance) the naval shipyard; the people who would have gotten that job at the shipyard are working at Walmart; the person who would have been working at Walmart is working at the gas station; the person who would have been at the gas station is unemployed.
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I am sure this was lowest contributing 5% and we will all get price drops on Microsoft products. Haha can you imagine?
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Valken:

I didn't know MS was part of the Crypto Bro group either...
we're all crypto bros, the whole world economy is a ponzi if you haven't noticed now the remaining 200k microsofties will have to do 5% more work, and you can bet they'll fire another round or two throughout this year
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Blame your awesome government. They don't give a crap about us. We elect these people into office and they turn around and screw us. Spending all our money on garbage and themselves. People need to quit voting the same way because they have always voted that way and open their damn eyes and see what's going on and pay attention to it. Its not 1986 anymore!
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EspHack:

we're all crypto bros, the whole world economy is a ponzi if you haven't noticed now the remaining 200k microsofties will have to do 5% more work, and you can bet they'll fire another round or two throughout this year
100% correct! The whole system is rigged against us. Why do you think we have inflation and recessions? To keep the average guy from making too much money. If everyone was rich, we wouldn't have Mcdonalds, Amazon, and any other stores because no one would need to work. Answer this question... Why do both parents need to work for the last 30 yrs and before that only the man needed to work? It was by design. They wanted your kids in school and the parents busy so the schools had control over your kids. Its truly an evil world and it sucks all the good people have to live in it.
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@goat1 nothing to do with "lock down". take the top 10 companies traded on stock market, on average they wont be there 10y later, and this isnt happening because of things like covid, as its going on for decades... what utter BS. that would mean that none of the rich ppl are working. which might be the case for ppl that inherited it, but most are rich BECAUSE they work, and not wasting it 2s later on some 200$ sneakers to impress ppl they dont like.
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0blivious:

This kind of layoff also trickles down and impacts the low level workers in all industries. Whenever Boeing or Microsoft (or any company) do a massive layoff, the workforce suddenly has a bunch of skilled workers that often trickle down into lower jobs. They aren't all going back into tech and aerospace jobs elsewhere. They are working at (for instance) the naval shipyard; the people who would have gotten that job at the shipyard are working at Walmart; the person who would have been working at Walmart is working at the gas station; the person who would have been at the gas station is unemployed.
Obviously you've never worked in a shipyard. Unless those laid off tech workers miraculously learned how to weld pipe including TIG welding, or all of a sudden became journeyman electricians, boilermakers, crane operators, etc .. then ya the odds of them landing a job in a naval shipyard are about one in one thousand and those odds are generous.
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that's normal due to unpopularity Windows 11. Somebody have to be guilt..and not management of course
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goat1:

Blame your awesome government. They don't give a crap about us. We elect these people into office and they turn around and screw us. Spending all our money on garbage and themselves. People need to quit voting the same way because they have always voted that way and open their damn eyes and see what's going on and pay attention to it. Its not 1986 anymore!
I approve of your rant even if it is going OT. Just saying! 😀
John Eisberg:

This is very good for the company and not very good for 10,000 idlers. Get rid of the weak!
My company never laid off especially during the pandemic, but after a review, even we have some efficiency issues in that work is not getting done or off direction. Those heads go into review and I make sure I get HR to give retraining to everyone because there is a difference between job became more complex vs clipping toe nails. But I have to agree, the dead weight needs to go, including upper management.
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those layoff are agian for making shareholders happy, not for financial issues.
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EspHack:

we're all crypto bros, the whole world economy is a ponzi if you haven't noticed now the remaining 200k microsofties will have to do 5% more work, and you can bet they'll fire another round or two throughout this year
Actually, no. They will not do more work. What is happening is that Microsoft is outsourcing some of their services to other companies, and that companies are hiring more people. Is the last 6 months, a lot of companies in Europe related to tech or software, are buying or merging with others, I know because I'm a client of some of them and I receive their announcements. I had services that was directly managed by Microsoft, now is one of their partners doing that service, and Microsoft will one operate was a supervisor of the service.
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Part of those 10000 jobs cut come from the game studios Microsoft acquired.
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Why_Me:

Obviously you've never worked in a shipyard. Unless those laid off tech workers miraculously learned how to weld pipe including TIG welding, or all of a sudden became journeyman electricians, boilermakers, crane operators, etc .. then ya the odds of them landing a job in a naval shipyard are about one in one thousand and those odds are generous.
That was actually first hand experience because I have worked in the local shipyard and that is exactly what happened in the past with massive layoffs in the Seattle area. It impacts the entire working sector. In shipyards, they use apprenticeships and training (literally every shop has entry level positions) and there are 1,000s of jobs that aren't even labor intensive, like engineers and the large clerical staff that never goes near the waterfront or the CIA (Controlled Industrial Areas). They literally hire kids just out of high school and train them to become all of those jobs you listed. They do the same for older, laid off tech/aerospace workers. If you worked a government job in a large, Naval shipyard, then you must already know that. The initial point I was trying to convey is that mass layoffs have a ripple effect, especially locally.
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Pryme:

Actually, no. They will not do more work. What is happening is that Microsoft is outsourcing some of their services to other companies, and that companies are hiring more people. Is the last 6 months, a lot of companies in Europe related to tech or software, are buying or merging with others, I know because I'm a client of some of them and I receive their announcements. I had services that was directly managed by Microsoft, now is one of their partners doing that service, and Microsoft will one operate was a supervisor of the service.
welp imagine finally reaching redmond land and getting fired so your buddies back home take your dream job without leaving their house