Microsoft looking to remove 60,000 jobs, ~25% of the company, specifically to contain costs around AI. Once again, the workers are held accountable for executive decisions. Socialize the losses.

godsammitdam@lemmy.zip · 13 hours ago

Microsoft looking to remove 60,000 jobs, ~25% of the company, specifically to contain costs around AI. Once again, the workers are held accountable for executive decisions. Socialize the losses.

Tollana1234567@lemmy.today · 2 hours ago

theres going to be so much more post on different platforms (about unable to find job/careers) in the coming years. i see alot of them popup in the last 3 years.

CheerfulPassionFruit@lemmy.world · 10 hours ago

This bubble is going to pop and then suddenly every tech company is too big to fail and every exec will be given a golden parashute. Atleas that is what the future looks like if we let them decide. I’d argue for some good French style justice and socialising profits and stolen assets

godsammitdam@lemmy.zip · 10 hours ago

schipelblorp@sh.itjust.works · 5 hours ago

Let’s not get hasty. Maybe CEO Nadella’s bonus for this year will be less than $10 million. Imagine getting your annual bonus cut by a million dollars. Rich people feel pain, too. ^/s

Jake Farm@sopuli.xyz · 12 hours ago

The true socialization will come when they get tax breaks or even subsidies.

eestileib@sh.itjust.works · 8 hours ago

Stock options are incredible tax dodges, used to be even better.

Jhex@lemmy.world · 12 hours ago

it’s not a bubble!!!

Microsoft looking to remove 60,000 jobs, ~25% of the company, specifically to contain costs around AI. Once again, the workers are held accountable for executive decisions. Socialize the losses.

Microsoft looking to remove 60,000 jobs, ~25% of the company, specifically to contain costs around AI. Once again, the workers are held accountable for executive decisions. Socialize the losses.

reuters.com