Microsoft joins list of tech companies to announce sweeping layoffs

Microsoft became the latest tech giant to announce widespread layoffs as the industry grapples with cost-cutting. James Rogers, financial columnist for MarketWatch, joined CBS News to discuss the announcement.

#news #microsoft #tech

[patienceisalpha]

Microsoft is not from Silicon Valley. Neither is Amazon.

[candacealexis]

This sucks. Tech was supposed to make our lives easier buy all I see are more homeless people and depressed people. At least I got to enjoy the 90s

[tewruzc]

If you can write code you probably can build a gas pipeline or mine coal.

[nikyabodigital]

Does anyone know the statistics of positions that were laid off? Just so we know which jobs are typically at risk in these kinds of situations.

[javierruiz]

Brace for impact. A recession is coming...

[gerryanderson]

Once its August, they'll be hiring people again in preparation for new products for Christmas

[tw]

The robots are about to take
God bless everybody 🙏

[Agent-cupv]

All the programmers writing AI you are writing yourself out of a

[sy]

Not surprised. They thought we’d be virtual forever during the pandemic. I remember huge hiring in tech and across during covid.

[CrazyAboutVinylRecords]

Of course Microsoft had to layoff all of those people. How else would the company be able to afford that private Sting concert for top company executives? Nadella apparently is blind to how bad the optics of this looks...or he just doesn't care.

[joet]

Think of the ramifications at the four-minute Mark where he states that people could easily find another job that's not the point the point is that people work they dedicate themselves their work-life towards their company that doesn't appreciate them after all the effort and energy when they can simply say well they can just find another job easily that disruption and healthcare that disruption in living arrangements that an obstruction in financial discourse is all passed down to the essential workers all the companies stand on the high diving platforms to jump into their vast wealth depositories like Scrooge McDuck

[AbslutZr]

Why is the analyst smiling so much? Geez!

[effyutubeagain]

Neither Amazon now Microsoft are part of Silicon Valley 🤨 Both are from Seattle.

[quartytypo]

Remember when entry level tech positions started at a quarter-million/yr?

[cashed-out]

There is an Apple plant coming to NC. Many tech people will have a chance there.

[cedrictorryii]

The new matrix movie is kinda starting to become spot on : it will be more buying experiences that you’ll be able to translate over to the real world in a VR world coming soon . Such as “going shopping at target” . Or going to buy a phone at apple, going to a concert, anything that can now recreate a real word experience from the comfort of you’re home will soon become our reality . Mark my words .

Sporting events, everything will be soon in a VR world .

[barano]

So much for paying over asking price and waiving all home inspections. 😢

[eddenoy]

Microsoft had the decency to host a Sting concert just before the layoffs. Sting got over a million dollars. Gotta say the company has class when they kick people out on the streets. What a wonderful concert 😂

[joet]

Record profitability essential workers forced to continue their work to maintain Goliath profitability remember that folks one of the richest men in the world says his poor little company just can't survive unless it gets rid of the people that supplied him with his wealth, nothing to see here move along move along

[Catherine-vyjm]

You know what I think I think too many people work for Google and Chrome and yeah we don't need a whole lot of people trying to run our lives on our phone that's what I think 🤣🤣🤣🤣🤣🚩🚩🚩🚩🍌🍌