Wall Street Does Not Care About Microsoft's Impending (August) Layoffs, It Believes Lies From Microsoft, Whose Debt Grows Rapidly
4 weeks ago: Microsoft's August Layoffs Wave: "August is Confirmed for Additional Performance Based Cuts"
3 months ago: Microsoft's Debt Grew 2.1 Billion Dollars in the Past 3 Months Alone or 8.2 Billion in the Past Half a Year
If Microsoft rebrands everything as "hey hi" (AI), there will be growth in that area. It did the same with "cloud" and lied to shareholders. It's just cannibalisation (one buzzword devours the prior one). It is not real, genuine growth.
In the past few days we saw several reports in the mainstream media in India about rumours of more Microsoft layoffs on the way. If Microsoft is doing so well and swimming in money, why so many cuts (about 29,000 layoffs so far this year)? There were almost 10 waves of layoffs since January, not two. We covered them all (the verifiable ones).
As they say in programming, "check your inputs". █
"Microsoft, the world’s 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."