Many Workers Quietly Leave Microsoft, the Company is Running Out of Money (Too Much Debt and Now Massive Buybacks to Keep the Shares From Collapsing While Hiding Humongous Losses)
Yesterday: The Hallmark of a Dying Company Running Low on Money (But Still Trying to Hide That)
Some gamers and 'lamers' have noticed [1] that, as per the above, Microsoft management is embezzling what's left of the company. Citing totally fake numbers [2] - when the reality is that Microsoft is very deep in debt (more than it can pay back by selling its assets within months) - the pundits say the "company announces plans to pay out even more money to shareholders" (not hard to guess at whose expense).
Microsoft is lying about its financial performance. History shows what happens to companies that do this. Less than a month ago Microsoft lost the de facto bailout and as national debt surges half a trillion dollars in just 2 months we don't expect any workaround or turnaround.
Microsoft has been laying off its workers - in a mass layoffs fashion (not a select few here and there, based on "performance") - every month this year. It moreover uses R.T.O. or similar deterrents to compel people to resign without counting as "laid off", without receiving severance etc. I've heard of people who just decided to quit Microsoft. They could not handle the anxiety. █
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5 days after reports of 650 more Microsoft gaming layoffs, the company announces plans to pay out even more money to shareholders
Microsoft is set to start paying out even more to its shareholders in November, despite recent reports that the company is laying off 650 people from its gaming staff.
As reported by Bloomberg, Microsoft shareholders will soon see an increased quarterly dividend payout for every share they have. Come November 21, this is going up by 10%, to 83 cents per share rather than the current 75 cents. What's more, the company has announced a $60 billion scheme to buy back its stocks, replacing a separate program of the same value which Microsoft announced in 2021.
That's a lot of money – bear in mind that Microsoft previously acquired Activision Blizzard for $68.7 billion, so this isn't far off being in the same ballpark. All in all, it could be considered questionable timing, too, given that the announcement comes less than a week after it was reported that the company is laying off 650 of its gaming staff. Reportedly, most of the people affected hold corporate and support roles, with no games studios set to be closed as a result.
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Microsoft Plans New $60 Billion Buyback, Raises Dividend 10% [Ed: Microsoft faking its "value"]
Buyback agreement is less than 2% of Microsoft’s market value