Microsoft to lay off 10k workers
blogs.microsoft.com
Microsoft to lay off 10k workers
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Re: Microsoft to lay off 10k workers
#2MSFT 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 for the sake of my team.
Re: Microsoft to lay off 10k workers
#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.
Re: Microsoft to lay off 10k workers
#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 (just unemployment benefits). Looks like big tech in the US has loads of perks.
Re: Microsoft to lay off 10k workers
#5Families 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.
Re: Microsoft to lay off 10k workers
#6MSFT 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.
Re: Microsoft to lay off 10k workers
#7>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?
Re: Microsoft to lay off 10k workers
#8Families 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?
Re: Microsoft to lay off 10k workers
#9Extensive discussion yesterday: https://news.ycombinator.com/item?id=34417750
Re: Microsoft to lay off 10k workers
#10They'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?