The primary causes of Microsoft layoffs
What is the real explanation behind 15,000 layoffs at Microsoft?
Over 40% of Microsoft's 2000-person layoff in Washington were SWEs : cscareerquestions
Microsoft layoff in Jan 2009, 2 months later stock bottomed by -25%
And 10 years later, their price did a 10x. I still remember buying them at 32$ and then the 20% drop happened. Wish I would have bought more at 32$.
More on reddit.comVideos
Too much hiring during Covid
overspending on purchasing game studios
investing into AI infrastructure with nothing in return
reducing American workers, hiring offshore workers
moving from personal growth model to make profit fast model
Microsoft leadership has lost focus
I need help understanding this article on Inc.
https://www.inc.com/jason-aten/microsofts-xbox-ceo-just-explained-why-the-company-is-laying-off-9000-people-its-not-great/91209841
Between May and now Microsoft laid off 15,000 employees, stating, mainly, that the focus now is on AI. Some skeptics I’ve been talking to are telling me that this is just an excuse, that the layoffs are simply Microsoft hiding other reasons behind “AI First”. Can this be true? Can Microsoft be, say, having revenue/financial problems and is trying to disguise those behind the “AI First” discourse?
Are they outsourcing heavily? Or is it true that AI is taking over those 15,000 jobs? The Xbox business must demand a lot and a lot of programming (as must also be the case with most of Microsoft businesses. Are those programming and software design/engineering jobs being taken over by AI?
What I can’t fathom is the possibility that there were 15,000 redundant jobs at the company and that they are now directing the money for those paychecks to pay for AI infrastructure and won’t feel the loss of thee productivity those 15,00 jobs brought to the table unless someone (or something) else is doing it.
Any Microsoft people here can explain, please?