Bonum Certa Men Certa

Reminder: Any Time Microsoft Publicises Layoff Figures It Leaves Out Contract Workers and "Temps" (Discharged Without Credit)

posted by Roy Schestowitz on Aug 05, 2024,
updated Aug 05, 2024

Here is an important and timely reminder from July 2014: (still relevant, still very much applicable, even if online reporting has pretty much died down, only to be replaced by PR parrots who call "Stochastic Parrots" an "AI arms race" and "revolution")

Some Of Microsoft’s Legion Of Contract Workers Also Face Layoffs

It's an HR trick. Microsoft gets them to work for Microsoft, but it never calls them "Microsoft employees". When they're laid off nobody pays attention to them or even counts them.

In my last employer those were called "Associates" (akin to "gig economy") and the company only counted them when it was convenient to the company (e.g. pretending to be vastly bigger than it actually was).

It seems safe to estimate that Microsoft laid off 30,000 or more workers (or "discontinued their contract") since January of last year. Now it's all just a bubble. And bubbles always implode, eventually. Intel collapsed by 30% in less than a day. The bubble just burst. The insiders know when to run away, just like in every multi-level or pyramid scheme.

Firm says Nvidia's skyrocketing AI valuation is in a 'bubble' and 'overhyped' — Elliott says AI apps are not viable

Yes, that's the firm that killed Novell for Microsoft. Here's what this cites: (behind paywall though)

Elliott says Nvidia is in a ‘bubble’ and AI is ‘overhyped’: Article behind paywall

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