this post was submitted on 25 Oct 2024
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2024 has seen two mass layoffs at Microsoft, with 1900 staff laid off in January, before a further 650 Xbox employees were shown the door in September.

Regardless, Microsoft's shares are up and the company's market value is now higher than $3tn, as it works to capitalise on the rise of AI.

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[–] NOT_RICK@lemmy.world 97 points 1 month ago (5 children)

That’s roughly 30k for every employee laid off

[–] Telodzrum@lemmy.world 32 points 1 month ago

Sounds like an easy sell to the board, then. It it's that much of a net positive in economics.

[–] weew@lemmy.ca 17 points 1 month ago* (last edited 1 month ago)

If they were software engineers, they saved $200,000+ per person laid off

That's how he makes dem big bux, by telling other people to fuck off

[–] theneverfox@pawb.social 8 points 1 month ago

So the CEO gets less than half their salary for the year?

Sounds like a great deal for the company. Until, you know, the whole thing collapses because they laid off the workers who kept the whole thing running

[–] lol_idk@lemmy.ml 2 points 1 month ago* (last edited 2 weeks ago) (1 children)
[–] NOT_RICK@lemmy.world 3 points 1 month ago (1 children)
[–] lol_idk@lemmy.ml 2 points 1 month ago* (last edited 2 weeks ago) (1 children)
[–] NOT_RICK@lemmy.world 3 points 1 month ago (1 children)

Gotcha, sounds like we’re measuring two different things then

[–] lol_idk@lemmy.ml 3 points 1 month ago* (last edited 2 weeks ago) (1 children)
[–] NOT_RICK@lemmy.world 2 points 1 month ago

Yeah maybe to their three mile island project. What a weird sentence. Just a few years off from our Weyland Yutani future

[–] NRay7882@lemmy.world -1 points 1 month ago (1 children)

That's some real bald-headed behavior if you ask me.