TECH GIANT CUTTING 18,000 JOBS
Microsoft’s major layoff just got major-er …
The Redmond, Washington tech giant was expected to cut 6,000 positions – its biggest workforce reduction since the peak of the recession in 2009.
Turns out that estimate wasn’t even close.
“The first step to building the right organization for our ambitions is to realign our workforce,” an email from company CEO Satya Nadella states. “With this in mind, we will begin to reduce the size of our overall workforce by up to 18,000 jobs in the next year.”
Whoa … 18,000???
Microsoft isn’t the only tech concern shedding positions. Hewlett-Packard is in the midst of a rolling five-year layoff of 50,000 employees, while IBM is “rebalancing” its workforce by shedding 13,000 jobs.
Ah, the recovery …
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10 comments
Just like their software, so is their employee base… bloated. Why settle for 4 lines of code when 400 can do the same thing.
Microsoft makes the most efficient compilers in the world.
They must have bought the company.
Visual Studio is their own creation – they finally hired some talent, paid off the levi wearing crowd and sent them home. They started with the shit they left, and created a masterpiece. Everyone’s completely tapped out now, so I wouldn’t expect anything new from that crowd in the next 5 to 10 years…. they squeezed out every ounce of creativity they had in them, and it scared the shit out of everyone. Being rich isn’t worth it.
Starting with Visual Studio 2013, they went back to creating shit, probably the talent retired with stock… but they still have the genius captured in code.
Ballmer is probably going to die soon.
good thing barry is opening our borders to illiterate, non- English-speaking, unskilled, impoverished, and and potentially disease-riddled illegals…Fundamental Transformation progressing as planned…thanks Democrats!!!!
Yeah! We don’t need no stinking bi-lingual blue screens of death! Pedro has taken more of my embedded system programming jobs with his damned advanced degrees than I can count. Even the Chinese are starting to grouse!
Damn free market!
Back to a bug fix a week. Maybe now, I won’t wake up every morning to a reboot for a “security update.”
So they acquired Nokia – the bulk of this is former Nokia employees. Did we read the article at all?
Rebalancing is code for Outsourcing US College graduates with graduates from India. India has made a niche for itself in the outsourcing world. From low end work like data entry to high end research and engineering, almost every level of knowledge work is done in the country. India is renowned for its technical IT talent. It produces more English-speaking IT graduates every year than any other country in the world. American companies send IT jobs to India and China because the skills are similar while the wages are much lower. A company only has to pay an entry-level IT worker $7,000 a year in China and $8,400 in India. Companies in Silicon Valley outsource tech jobs by offering H-1 visas to foreign-born workers.
The winners? Equity holders. And by looking at the buy-into and owning prices for stocks, Americans are being shut out of those opportunities as well. If you own stocks, 300k on up in your portfolio, congratulations. US Senator Ravenel (R-SC) will sponsor legislation so equity owners without a Trust can bequeath unsold equities to one’s heirs…tax free. Besides owning and operating your own profitable corporation, equities is your best wealth contributor, and soon, a tax free preserver for your heirs.