Telecompaper Reports Microsoft to Reduce the Workforce by Another 10% (in France)
Days ago: More Microsoft-Connected Layoffs, at Least Third Time This Month! (Also Another Death on Campus)
This month we expect to see more waves of layoffs at Microsoft. Imagine how bad it'll be when the "hey hi" bubble truly bursts. What will Microsoft tell the shareholders about the fake valuation? A lot of Microsoft's "value" is derived from fake assets like "goodwill" (doubling in months!) and buying one's own stock, even giving salaries and bonuses in stock market tokens instead of real money (i.e. getting staff to become involuntary participants in the pyramid scheme).
The Telecompaper report above is behind paywall. It's hard to assess what it is based on, but the site itself is credible.
Imagine what this will do to staff's morale.
Some people, working too hard to keep the job, are literally dying, not getting laid off:
Remember there's life outside Microsoft. Or no life at all. β
"Microsoft, the worldβs 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."