Number of Microsoft Layoffs Vastly Higher Than Microsoft Publicly Signals (the Perma-Temp and Contractor Loopholes)
- Dr. Roy Schestowitz
- 2022-08-10 23:45:48 UTC
- Modified: 2022-08-10 23:45:48 UTC
As we noted here many times over the years, it would be foolish to believe the figures Microsoft gives/feeds to the media; the layoffs as a lot broader than publicly stated
Companies hate it when clients/customers get the impression of trouble (hence they hide or delay layoffs as long as possible)
Summary: 'Invalid' employee status has long been misused by Microsoft in order to misreport real headcount; the above message is one recent example of that (there are many Microsoft layoffs this summer)
"Microsoft, the world’s most valuable company, declared a profit of $4.5 billion in 1998; when the cost of options awarded that year, plus the change in the value of outstanding options, is deducted, the firm made a loss of $18 billion, according to Smithers."
--The Economist, 1999
