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Microsoft to lay off 10k workers

blogs.microsoft.com

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Re: Microsoft to lay off 10k workers

#51

Post by mikojan »

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?

Inflation has been attributed to rising profit margins[0]. Surely, you can take a jab at those who profitted at every step.

[0]: https://www.epi.org/blog/inflation-minimum-wages-and-profits...

Re: Microsoft to lay off 10k workers

#53

Post by mc32 »

jstx1 wrote: post #3

> When I think about this moment in time, the start of 2023, it’s showtime – for our industry and for Microsoft. He could have left that part out.

It echoes of Steve Ballmer.

I hate it when head honchoes try and get cozy with you by signing off with their First Name only --way to take the name away from anyone else in the company with the same name. 99% of the people in a large company like that never met you and don't know you on a first-name basis.

Re: Microsoft to lay off 10k workers

#55

Post by notch656c »

rcme wrote: post #48
chimeracoder wrote: post #23

Earlier quoted context omitted.

> once that expires, through the public exchanges that are guaranteed to cover their existing condition. Thanks ACA. The ACA just states that insurers can't refuse a customer who wants to purchase a plan just because they have a preexisting condition. It doesn't actually require that the plan cover treatment for said condition. In many states - including wealthier deep blue states - the marketplace plan options are a…

The HHS disagrees with you: https://www.hhs.gov/healthcare/about-the-aca/pre-existing-co... > Health insurers can no longer charge more or deny coverage to you or your child because of a pre-existing health condition like asthma, diabetes, or cancer, as well as pregnancy. They cannot limit benefits for that condition either. Once you have insurance, they can't refuse to cover treatment for your pre-existing condition…

Doesn't this create a huge incentive for people to buy rolling "temporary" insurance plans which can consider pre-existing conditions, and then switch to subsidizing off the healthy once they actually get a condition and buy the regular ACA plans?

Re: Microsoft to lay off 10k workers

#56

Post by ChuckNorris89 »

habosa wrote: post #42
ChuckNorris89 wrote: post #27

Earlier quoted context omitted.

Depends how you define average. Statistically, the average US workers has a much higher purchasing power than the average EU worker. Unless by average you meant poor people or workers on minimum wage in which case you'd be correct, but that's in no way average anymore.

I was talking purely about “benefits” by which most people mean things outside of standard monetary compensation. EU workers have much better vacation, healthcare, parental leave, severance pay, etc than US workers on average.

And I was only talking about the unemployment benefits of laid off big-tech workers. I'm not contradicting you about the rest.

Re: Microsoft to lay off 10k workers

#57

Post by prottog »

melenaboija wrote: post #12
bratao wrote: post #7

Earlier quoted context omitted.

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.

With the higher salary in the US, especially as a software engineer, you could easily put a little bit aside to pay for a healthcare exchange plan for a while if you do ever lose your job.

Re: Microsoft to lay off 10k workers

#59

Post by w0m »

photonbeam wrote: post #30
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…

> The writing has been on the wall for months though from internal comms What did the hints look like?

Stock went from 350 to 250.

Re: Microsoft to lay off 10k workers

#60

Post by ano-ther »

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?

1 They have to. It’s a “material event” that could impact the stock price, so they have to communicate to investors, once a decision has been taken.

2 They probably want to. It creates clarity for employees after what other commenters here described as months-long rumours. The damage to morale would be greater if they do it in pieces.

2b It is also a better story for investors.

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