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Microsoft posts $92.3bn quarterly revenue after offering buyouts to 60,000 employees (www.theguardian.com)
submitted 1 week ago by to c/technology@lemmy.world
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[–] 28 points 1 week ago (9 children)

If they are doing this well, why are they trying to get rid of a bunch of employees?

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  • [–] 20 points 1 week ago (4 children)

    The quarterly earnings report comes two days after Microsoft offered voluntary buyouts to about 60,000 employees, roughly a quarter of its workforce, as the tech giant spends heavily on artificial intelligence investments.

    Implies that they are getting replaced by bots.

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  • [–] 25 points 1 week ago* (3 children)

    Not to me, this implies to me that they overspent on AI and they now need to claw back some money.

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  • [–] 9 points 1 week ago* (last edited 1 week ago) (1 child)

    more like COVID hiring.

    in June 2019 they had 144,000 employees.

    2020 163,000 employees

    2021 181,000 employees

    2022 221,000 employees

    now they have around 230,000 employees

    the spike in hiring coincides with the rise of COVID and moving the whole world online

    after losing 60,000 they will have 170,000, still almost 30k more than 7 years ago.

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