How to interpret this? MSFT felt like stablest FAANG
Microsoft had layoffs in 2008, so it isn't unprecedented.
Microsoft to lay off 11k employees
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Re: Microsoft to lay off 11k employees
#12How do layoffs like this happen? Every team cuts 5%? Wholesale elimination of teams?
Re: Microsoft to lay off 11k employees
#13If you’re laid off from anywhere, are in a position to join a very early startup, love Texas Hold’em, and have technical or design experience, drop me a note.
Re: Microsoft to lay off 11k employees
#14How to interpret this? MSFT felt like stablest FAANG
As an investor in MSFT, I would have a positive interpretation of this move.
If MSFT cuts big again next quarter, I will then begin to reconsider my position.
Re: Microsoft to lay off 11k employees
#15How to interpret this? MSFT felt like stablest FAANG
I feel similarly.
Re: Microsoft to lay off 11k employees
#16"Engineers not affected! /s" Like I said before, no-one is safe. not even the FAAMNG companies.
You're the least safe at the companies that have the most money, because those are the ones that overhired.
Re: Microsoft to lay off 11k employees
#17Every Big Tech collects bad hires and these are the best times to get rid of them.
Why isn't "as soon as you know they are a bad hire" the best time to get rid of them?
Re: Microsoft to lay off 11k employees
#18> The company had 221,000 full-time employees, including 122,000 in the United States and 99,000 internationally, as of June 30, according to filings. The size of these organizations always catch me off guard. 11,000 is a huge number but 221,000 is even more staggering!
Now add in part time workers, contractors, and contracted-out workers like cleaning staff that are still required, just not counted as FTE. Would be interested to know those numbers too, and... are any of them being affected as well (assuming so, but it'll be accounted for in various other ledgers).
Re: Microsoft to lay off 11k employees
#19How to interpret this? MSFT felt like stablest FAANG
FAANG is missing the M