131–140 of 284 posts
Earlier quoted context omitted.
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.
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.
All the news is saying that its a mild recession but layoffs is a longer term solution in cost reduction. Basically Big Tech isn't optimistic about the industry for at least 2023. Is the recession going to be worse than we expect?
Earlier quoted context omitted.
Some low performing employees just wont leave on their own. Sometimes its the higher performers who feel they deserve more compensation and leave. With your proposal the company could end up with only the low performers which is the opposite intent of a layoff
It's not necessarily for performance, more often these layoffs are a way to get rid entire teams and you can't do that through natural attrition.
(Yes, I know about copyright law and taint, but there is an awful lot to be done which isn't specifically commiting code to the main project. Unit tests, debugging, porting other software, create a startup for embedded "Windows" deployed with ReactOS with free licensing etc.)
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…
> ...with some notifications happening today. I guess there are complexities with huge multinational companies, but that seems kind of designed to make people like your team worry.
My understanding is also that during mass layoffs big companiess can't just cut all low performers / juniors so this might be completely random but we just don't get to know that.
Earlier quoted context omitted.
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.
Contrary to popular belief, at a company the size of MSFT - the execs could drop all their wages to $0 - and it would not be able to save 5% of the workforce from getting fired. The execs get paid a lot - but there's not that many of them, and there's 200k people at MSFT making an average salary (with benefits) >$200k. That's >$40B per year. The execs don't take home >$2B per year. Satya made <$60M last year. There's…
Do you have any actual numbers on the number of execs vs workers and their salaries?
While there is no good way to do a mass-layoff, I don't particularly like the way this was communicated. There's a lot of flowery language and the fact that there will be massive layoffs is only said in passing in the third paragraph. This will never be good news, obviously, but please communicate the important facts clearly.
The only honest thing he could have said would be: "Look, in the end this about shareholder value and we need to sacrifice some people in order to create shareholder value. I know, it sucks, but let's not kid ourselves, we all knew that's the game we are playing here at Microsoft (or any publicly traded company). We got some nice perks while it lasted but unfortunately the party is over now. We will do our best to en…
Earlier quoted context omitted.
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.
Earlier quoted context omitted.
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.
I've seen both. Imo announcing layoffs ahead of time is better because while demoralising it at least gives people time to prepare and a sense that the company cares enough about you to be honest with you and aid with a smooth transition to your next role. I worked for place which did several mass layoffs. The way they did it was by emailing everyone at end of day Thursday explain that everyone needed to be in the of…
Satya is appointed by shareholders, not by employees. Employees can't fire Satya. And while employees might give him a hard time for this, shareholders can definitely give him a harder time if they see a (potential) decline in dividend. So cutting cost to keep dividends steady with a decline in profitability and revenue is the easiest fight for him. While it sucks, when working for a large tech company which is publi…
Let’s see how fast the stock tanks then :)