More Microsoft Layoffs, Second Very Large Wave This Month
Will OpenAI collapse soon (exodus of executives continues [1, 2])? News reports say that the company wants Biden to pay for it, because who else will shoulder the EPIC LOSSES? Investors - i.e. people willing to lose money on vapourware - are running out of patience.
THIS has hit the news (only hours ago):
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Video game maker Activision Blizzard laying off 400 workers in Irvine, LA
Video game maker Activision Blizzard Inc. will soon lay off nearly 400 people in its in mobile gaming divisions in Santa Monica and Irvine, eliminating redundancies among its staff following last year’s $75.4 billion merger with software giant Microsoft Corp.
These layoffs come on top of 1,003 already made over the past year by Activision, ranging from operations in Novato and Foster City in the Bay Area to Southern California offices, according to state filings with the Employment Development Department.
Activision Blizzard, which was acquired after in last year’s merger with Microsoft Corp., informed the EDD that 140 jobs were to be eliminated beginning Oct. 11 at the Blizzard Entertainment in Irvine.
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Video game maker Activision Blizzard laying off 400 workers in Irvine, LA
This isn't the first time this month.
What's going on at Microsoft? XBox sales down 42% in one year.
When OpenAI was losing about half a billion dollars a year they told us to expect bankruptcy. Now it loses about 5 billion dollars a year. Do the maths.
Meanwhile in the media, Microsoft keeps floating - in outlets it and Bill Gates "sponsor" - fake or speculative news that give the false impression of growing, insatiable demand for so-called 'hey hi' (demand has actually fallen sharply since June) and pretends to give money to Mexico when in fact no such money exists. It basically boils down to a lie, but they dress that up as "hey hi" and "clown computing". LLMs don't work, they're mostly irredeemable, so Microsoft uses misnomers like "hallucination" and pretends that some magic "fix" is on its way.
How pathetic.
How much more pathetic will it get? The truth of the matter is, Microsoft is trouble, it is deep in debt, it doesn't shower Mexicans with billions (they're just the latest PR props), and it can't stop laying off its own staff in pursuit of desperate cost-saving measures. █