Microsoft Mass Layoffs Without Severance Pay Reported Hours After Microsoft Reported Weak Numbers and Microsoft Stock Fell
When referring to the "hey hi" (AI) hype they referred to revenue (many things redefined or reclassified as "AI"), not income/profit; Microsoft-funded publishers sugar-coated this
According to [1], which initially reported the first mass layoffs at Microsoft (early January, there was another wave mentioned a week later), some of those impacted by mass layoffs at Microsoft are "not getting severance, according to people familiar with the situation."
Sounds like Microsoft has some severe money problems. As noted in [2,3], this is the wave Microsoft says impacts several thousands of workers, set aside the second wave of January layoffs, which has nothing to do with performance.
Microsoft has a bloodbath this month, yet the media parroted several false claims by Microsoft when Microsoft announced "results" (no wonder the stock fell). The "hey hi" hype dominated headlines; this is infantile pseudo-journalism (churnalism). Should it not be mentioned Microsoft fakes revenue by circular accounting, i.e. buying from itself?
If anything, this serves to show how bad (complicit) the media became. This is how IBM-funded media reports IBM layoffs this week. Compare that to the hours-old comments in [1, 2, 3, 4]. Some of those were mentioned this morning. █
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Microsoft's performance-based job cuts have started, according to termination letters sent to staff
Employees losing their jobs will see healthcare benefits end immediately, the letters state. In three specific cases, employees were told by Microsoft they're not getting severance, according to people familiar with the situation. These people asked not to be identified discussing sensitive topics.
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Appraisals for software engineers: Microsoft and Amazon are using performance reviews to decide who gets sacked
Microsoft is yet again preparing for another round of layoffs while focusing on performance based workforce reduction, reported Fortune. The technology giant Microsoft which is now valued at $3.1 trillion will be carefully evaluating the underperforming employees across the various departments.
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Microsoft and Amazon are using performance reviews to decide who gets laid off—experts warn these surefire mistakes will get you cut
While a Microsoft spokesperson did confirm layoffs were on the horizon, they did not share any specifics on the number of workers who may be let go and the reasons why.