Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Microsoft to lay off 10k workers

blogs.microsoft.com

Post reply on HN
Print view View original

11–20 of 284 posts

Re: Microsoft to lay off 10k workers

#11

Post by malcolmgreaves »

jarym wrote: post #8
whatever1 wrote: post #5

Families will get torn apart, people with health issues will be on their own, immigrants will get booted. C-suite will get a raise from the stock price bump. Congrats on our system.

The Federal Reserve wants to tame inflation by cooling the economy. I don't believe that historically that has ever been achieved without causing unemployment to rise. These large companies are ultimately doing what the Fed wants them to do, no point blaming the c-suite for that?

They could all take massive pay cuts to preserve jobs. They have agency and they have chosen to enrich their stock price at the expense of people’s lives and well being.

Re: Microsoft to lay off 10k workers

#12

Post by melenaboija »

bratao wrote: post #7
ChuckNorris89 wrote: post #4

>U.S.-benefit-eligible employees will receive a variety of benefits, including above-market severance pay, continuing healthcare coverage for six months, continued vesting of stock awards for six months, career transition services, and 60 days’ notice prior to termination, regardless of whether such notice is legally required. Wow, that way way, better than what we get by law in my EU country when you're laid off (ju…

Legit question, don't EU have by law, very generous unemployment benefits compared to the US?

It depends on what you understand with very generous unemployment benefits. Te me just the fact that there is universal healthcare makes the unemployment benefits way better.

I am a EU citizen having lived in the US for almost a decade and I still can't overcome the stress of losing my job because of this.

Re: Microsoft to lay off 10k workers

#13

Post by sbarre »

brink wrote: post #6
thr0w4w4ymsft wrote: post #2

MSFT manager of 25+ person team here with no actual heads up on this. The writing has been on the wall for months though from internal comms so this should come as a surprise to no one. No one on my team has any information about this beyond the Satya email, so this is either a "no news is good news" situation (assuming you don't actually want to be laid off), or a poorly executed process. I'm hoping for the former f…

If he gave managers a heads up, it would have been immediately leaked to the press.

Becoming a manager in large enterprise companies is basically an entry-level position all over again..

Except people care even less about your job experience since you're "leadership" now and are expected to toe the line no matter what.

Re: Microsoft to lay off 10k workers

#14

Post by rcme »

whatever1 wrote: post #5

Families will get torn apart, people with health issues will be on their own, immigrants will get booted. C-suite will get a raise from the stock price bump. Congrats on our system.

People with health issues should still be able to purchase their existing insurance through COBRA, and, once that expires, through the public exchanges that are guaranteed to cover their existing condition. Thanks ACA.

Re: Microsoft to lay off 10k workers

#15

Post by mynameisvlad »

sbarre wrote: post #10

They're spreading it out over the full year. Interesting that they would announce it up front like this? What does this do to morale and retention?

IIRC, Salesforce also did the same thing. Announced layoffs that would happen over the course of a year, with some effective immediately.

It feels like it would demoralize workers; everyone was already on eggshells leading up to such an announcement and it would suck to continue working while stepping on eggshells for a full year, wondering if tomorrow is your day.

Re: Microsoft to lay off 10k workers

#16

Post by unity1001 »

jarym wrote: post #8
whatever1 wrote: post #5

Families will get torn apart, people with health issues will be on their own, immigrants will get booted. C-suite will get a raise from the stock price bump. Congrats on our system.

The Federal Reserve wants to tame inflation by cooling the economy. I don't believe that historically that has ever been achieved without causing unemployment to rise. These large companies are ultimately doing what the Fed wants them to do, no point blaming the c-suite for that?

> The Federal Reserve wants to reduce wages by cooling the economy

There. Corrected.

https://mronline.org/2022/05/26/u-s-federal-reserve-says-its...

Re: Microsoft to lay off 10k workers

#17

Post by whitemary »

ChuckNorris89 wrote: post #4

>U.S.-benefit-eligible employees will receive a variety of benefits, including above-market severance pay, continuing healthcare coverage for six months, continued vesting of stock awards for six months, career transition services, and 60 days’ notice prior to termination, regardless of whether such notice is legally required. Wow, that way way, better than what we get by law in my EU country when you're laid off (ju…

Nonsense. European families get healthcare for life.

Re: Microsoft to lay off 10k workers

#18

Post by whatever1 »

jarym wrote: post #8
whatever1 wrote: post #5

Families will get torn apart, people with health issues will be on their own, immigrants will get booted. C-suite will get a raise from the stock price bump. Congrats on our system.

The Federal Reserve wants to tame inflation by cooling the economy. I don't believe that historically that has ever been achieved without causing unemployment to rise. These large companies are ultimately doing what the Fed wants them to do, no point blaming the c-suite for that?

How did the Fed force the companies to over-hire?

Re: Microsoft to lay off 10k workers

#19

Post by ChuckNorris89 »

bratao wrote: post #7
ChuckNorris89 wrote: post #4

>U.S.-benefit-eligible employees will receive a variety of benefits, including above-market severance pay, continuing healthcare coverage for six months, continued vesting of stock awards for six months, career transition services, and 60 days’ notice prior to termination, regardless of whether such notice is legally required. Wow, that way way, better than what we get by law in my EU country when you're laid off (ju…

Legit question, don't EU have by law, very generous unemployment benefits compared to the US?

Depends on the EU country. Where I live you get 60% of your pay for something like 6 months, plus the public healthcare coverage.

Though, it's not exactly a vacation, as you're expected to prove to the unemployment office you are actively looking for a job and interviewing and you're not allowed to leave the country during that period. I mean you can leave the country, nobody will stop you, but you'll not receive unemployment or healthcare coverage for the period you're out of the country.

You can make it a vacation if you're system savvy enough and know how to game the system and aren't risk averse.

Re: Microsoft to lay off 10k workers

#20

Post by monero-xmr »

whatever1 wrote: post #5

Families will get torn apart, people with health issues will be on their own, immigrants will get booted. C-suite will get a raise from the stock price bump. Congrats on our system.

Ah yes, the “let’s force companies to become unprofitable” theory. I think Venezuela and Argentina are good places for you.
Post reply on HN