Article

2023-07-12 Economy

Microsoft's 'indiscriminate' firing continues as hundreds more lose livelihoods

No doubt in a year or two there will be a burst of creative new companies as the former Microsofters find new ways to make a living.

[GEO.TV] In a latest announcement of massive layoffs, technology colossus Microsoft confirmed Monday that is is slashing additional employees, week after the commencement of its 2024 fiscal year, months after the company showed the door thousands of its workers, reported GeekWire.

The recent job axing does not include the massive layoff it announced in January in which it cut at least 10,000 jobs. The Washington-based giant also eliminated a small number of employees last year.

The latest decision comes as other multinational firms and technology behemoths have announced thousands of job cutting including Amazon, Google and Meta citing economic issues and rising business costs.

Microsoft has said in recent months that clients are looking for ways to save money on their cloud computing bill.

Bill Gates-founded company’s spokesperson declined to tell the number of layoffs. In January, CEO Satya Nadella issued a memo, indicating the company would change its hardware lineup and consolidate leases.

Microsoft filed a notice Monday saying it would cut 276 people in its home state of Washington. Of those, 66 are virtual.

People working in different departments of Microsoft announced on social networks that they lost their jobs.

“Organizational and workforce adjustments are a necessary and regular part of managing our business,” the spokesperson told NBC News.

“We will continue to prioritise and invest in strategic growth areas for our future and in support of our customers and partners.”

Earlier in May, LinkedIn, the world's largest social media platform for professionals, has also announced it was shedding over 700 jobs and shutting down applications in China citing various reasons.

CEO Ryan Roslansky said in a letter to employees that "the decision was made amid shifts in customer behaviour and slower revenue growth."

Meta said in March that it is going to lay off 10,000 additional employees after major job cuts last year.

Tech giants have contributed to a large number of recent layoffs, including 27,000 by Amazon making it the largest in its history. Alphabet has also laid off 12,000 people.

Microsoft — which bought LinkedIn back in 2016 for around $26 billion — announced some 10,000 job cuts in recent months and took a $1.2 billion charge related to the layoffs.

Posted by Fred 2023-07-12 00:00|| || Front Page|| [18 views ] Top

#1 Yep, Bidenomics is fine. /sarc

Posted by Procopius2k 2023-07-12 07:38|| 2023-07-12 07:38|| Front Page Top

#2 there will be a burst of creative new companies

'Shark Tank' star issues dire warning to US businesses: Crisis is emerging

"If you're in the S&P 500, you have no trouble financing your business. You can't say that about small business anymore. The cost of capital has gone through the roof."

Posted by Skidmark 2023-07-12 09:34|| 2023-07-12 09:34|| Front Page Top

#3 Just smile, and think of Covid.

"I'm indispensable!"

Posted by swksvolFF 2023-07-12 10:07|| 2023-07-12 10:07|| Front Page Top

#4 My heart bleeds peanut butter.

Posted by Rex Mundi 2023-07-12 10:36|| 2023-07-12 10:36|| Front Page Top

#5 Virtual employees telecommuting to their virtual jobs. Paid in virtual currency. Where does it all lead?

Here...

Posted by M. Murcek 2023-07-12 10:38|| 2023-07-12 10:38|| Front Page Top

#6 ^ massive weight gain, poor hygiene, a false sense of security and commercial real estate implosion.

Posted by Super Hose 2023-07-12 12:00|| 2023-07-12 12:00|| Front Page Top

#7 Microsoft has said in recent months that clients are looking for ways to save money on their cloud computing bill.

You can go to any store like, say, BestBuy and buy a four terabyte solid state disk for your personal computer for maybe two hundred bucks. Why do you need a cloud that's liable to get hacked?

Posted by Abu Uluque 2023-07-12 13:10|| 2023-07-12 13:10|| Front Page Top

#8 ^ In the age of video "content" creators, 4 TB doesn't go very far. It takes a lot of space to store raw footage and edited clips of hundreds or thousands of TikTok videos.

That said, yeah, stay off the cloud storage if you can help it.

Posted by M. Murcek 2023-07-12 13:27|| 2023-07-12 13:27|| Front Page Top

#9 Lucky for me I'm not a content creator. But even if I was I could back up all those video files onto a removable USB disk and I know where I can get one terabyte USB disks for a hundred bucks. Label them so you know which files are on them, access them as needed and keep as many as you like. They'll never get hacked or lost sitting in a desk drawer.

Posted by Abu Uluque 2023-07-12 14:27|| 2023-07-12 14:27|| Front Page Top

#10 Home and small business NAS can easily get you into the 20-60 Terabyte range at a price that will pay for itself versus several years of renting that much cloud space.

And it's inaccessible outside your home network if you set it up correctly.

Posted by M. Murcek 2023-07-12 14:36|| 2023-07-12 14:36|| Front Page Top

#11 re: #9,

Hey, are those floppy disks? I had boxes of those things labeled and set to go. granted that was almost 50 years ago, but still.....

Posted by AlanC 2023-07-12 15:16|| 2023-07-12 15:16|| Front Page Top

#12 Most newer computers don't even have a floppy port on the mainboard, let alone a drive. I still carry a 1.44Mb outboard USB floppy drive in my "bag of tricks."

You really just never know...

Posted by M. Murcek 2023-07-12 15:24|| 2023-07-12 15:24|| Front Page Top

#13 Hackers believed to be linked to China have exploit vulnerabilities in Microsoft software to breach the email systems at over two dozen organizations, including some U.S. government agencies, as part of a suspected cyber-espionage campaign.

Posted by Abu Uluque 2023-07-12 17:03|| 2023-07-12 17:03|| Front Page Top

#14 The Wall Street Journal reports that the hackers, identified as “Storm-0558,” exploited a security weakness in Microsoft’s cloud-computing environment to gain access to sensitive computer networks. This development is especially concerning for officials and security researchers, as it is seen as part of a larger espionage campaign that could have compromised valuable U.S. government information.

Posted by Abu Uluque 2023-07-12 17:05|| 2023-07-12 17:05|| Front Page Top

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