Microsoft is firing 3% of its staff, totalling just under 7,000 employees
Microsoft is firing 3% of its staff, totalling just under 7,000 employees
www.pcgamer.com
Microsoft is firing 3% of its staff, totalling just under 7,000 employees
12 comments
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They laid off 2000 last year and the CEO gave himself a 30 million dollar raise. If he fires 7000 this year, he'll give himself a 100 million dollar raise?
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They're also hiring much more than they're laying off. They gained like 84k employees in the last 5-6 years (includes like 25k layoffs).
The bonus was also basically all stocks, so if the company does well, he gets more money. If it fails he gets less.
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No, the bonus was all stocks so he can take a loan at 0% using the stocks as collateral and not have to pay taxes on it. If they paid him an actual bonus in real dollars he would have to pay taxes like one of us poors.
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Maybe they shouldn't over-hire by tens of thousands for the sake of "growth"? "They hired more than they fired" isn't a good thing when they fire thousands of people. it just means the company is willfully and apathetically churning through the labor force while making money hand-over-fist and increasing C-suite compensation.
The bonus was also basically all stocks, so if the company does well, he gets more money. If it fails he gets less.
... so? Why is this relevant? A bonus is a bonus.
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The bonus was also basically all stocks, so if the company does well, he gets more money. If it fails he gets less.
Is this supposed make people feel "better", buddy?
Satya the creep has skin in this game boys, pack it up, work is done 🤡
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It's only fair /s
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A friend of mine is a video game developer, works for a Microsoft studio, has somehow survived like 3 or 4 layoffs and closures the last 5 years.
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What shitbags
12 comments