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Dumb
No, the layoffs are due to how bloated tech companies became during the pandemic.
Microsoft has a budget?
The face in panel four implies they feel remorse for what they’re doing. M$ doesn’t.
Budget is no obstacle to Microsoft buying Activision, the only obstacle is regulators blocking the merger, and the salaries of the people’s they’re laying off don’t come close to the amount of money it takes to acquire Activision anyway. This is extremely stupid.
Hopefully it’s just the people who made the gravity hammer who are getting fired
Do you think those 10k employees averaged 7 million per person?
5% of their workforce. I’m sure they won’t be missed.
What a lot of people refuse to understand, is that probably like 50% of employees at these massive tech companies do literally nothing for the company. The company is too big and has too much bureaucracy for most to actually get anything of value accomplished. I am a software engineer myself. And have seen it, at much smaller companies. Not to mention, i know a guy who has worked at Google for 10 years as a software engineer. And the guy hasnt had a single project go to production.
Whether or not you want to believe it, most of those people probably werent needed or useful
They may also be trying to acquire chatGTP.
Microsoft rotates out large numbers of employees fairly regularly. I’d bet a lot of those laid off will be rehired by other divisions of the company soon.
This is the dumbest take I have seen on this sub – Full fucking stop.
Microsoft is laying employees off because markets don’t reward unlimited growth anymore. They care about profitability now.
MS overhired over the last 3 years and is now cutting some slack.
I have a question to the people saying they shouldnt do layoffs. Why should they hold on to people they feel they dont need? Just for the sake of keeping them?
I don’t know why there are so many people here defending a trillion dollar company. Like, guys, the company can defend itself if it wants…
God i fucking hate microsoft
Damn if those laid off employees can make up the capital for the Activision deal they were some amazingly paid employees
Step 1: fire employees to buy another company.
Step 2: have that acquisition blocked by the government.
Step 3: watch your company catch fire as you try to fix it with your pants down.
Very dumb take
I think the 2 Trillion dollar market cap company *doesn’t* have problems fitting Activision into their budget.
Waiting for the day people point to Elon Musk / Twitter as first mover in tech layoffs. “Twitter cut 75% of their staff and everything still works? Maybe we should cut 10% and see what happens”
Companies this size are always hiring and firing.
Chances are that this is due to a service shutting down or merging some departments and not needing certain positions anymore.
OP clearly has significant experience running the 3rd most valuable company on earth. MS should definitely fire Satya and hire OP instead…
What a fucking idiot.
People defending here a 2Trillion with a T company that wants to spend 70B on another company, but can’t afford those 10K employees.
That was made by a gamer that doesn’t realize just how big Microsoft is…Xbox and Activision are much smaller than Microsoft as a whole.
MS can easily afford Activision without firing employees, restructuration, especially post covid-surge, are really standard for them, it’s shocking for us and I understand it tho, but frankly…purchase or not it would still happen.
So again, for those of you on the outside looking in.
The majority of positions are contract positions that are rotated in and out all the time. This is what Microsoft has been doing ever since they lost defending themselves in court on Vizcaino V Microsoft, which started in 1992.
So it is true that this “rotation” does take place.
HOWEVER
This 10k happening all at once is not a normal number, and therein lies the difference.
As someone who has 15 years of industry experience and lives in their backyard, I can tell you through personal experience and anecdotal (contact) experience that this is a cleaning of house for a larger purpose – you could debate the purpose all you want but the timing is what makes it suspicious. I, and others like myself, are constantly bombarded by agencies who want us to work for 343 (for example) all the time, every year, for the same positions over and over, and that is the “normal.”
Based on my experience, I’d say they’re cleaning house to reduce employee costs so they can hire other people for lower pay collectively, which will reduce how much they’re spending on their workforce, which will save them money to then spend towards Activision (this is just a guess), in conjunction with the timing that as of Jan 1st, Microsoft and 343 positions in Washington will be required by state law, to outright state the income ranges for each position they post a job for. This alone has caused a lot of stir in this area.
So if you’re a fan of 343 or Bethesda, expect the upcoming products to suffer as a result of a massive changing of hands.
What a misleading post. I’ve worked in a medium sized company as a back end developer and we hired a lot of guys during the pandemic. In fact too much that it’s unhealthy for the company even though profits are up.
Strange how the working classes always see the cuts and not the absurd wages of management or ridiculous amounts of profit, huh?
The Microsoft shills are the same people that’ll cry first when their job no longer needs or wants them anymore
There’s a lot of arguments over a dumb meme made from an old template that actually gave me a chuckle……
Yea try contacting Microsoft Support you get “Thank you come again” dont know shit reading from a script. LITERALLY THE WORST SUPPORT IVE EVER DEAL WITH
this is plain stupid what about 10bln investment in chatgpt?
I didn’t know the entire tech and finance industry brought activision
They are probably going to lay-off people in Activision as well. They overpaid for it.
If you didn’t see this coming over a year ago then you should put the controller down and try reading for a change. All tech firms are shedding workers and trimming operations atm. It’s less than 5% of their workforce, get over it.