More Mass Layoffs at Microsoft, Only Weeks After the "Buyout" Nonsense (Glorified Severance to Highest-Paid American Staff)
Next up it is LinkedIn (again):
- LinkedIn Plans Layoffs Even As Revenue Growth Picks Up (Revenue is Not Profit)
- Microsoft's LinkedIn to announce layoffs on Wednesday
- Exclusive: LinkedIn to announce layoffs as Microsoft reshapes business (when they say "reshapes" they mean shrinks)
- Exclusive: LinkedIn planning to lay off 5% of staff in latest tech-sector cuts, source says
- LinkedIn is cutting 5% of its workforce in a reorganization
Almost 1,000 people.
LinkedIn, like GitHub, is a failing Microsoft "M & A" move. They lose a lot of money. Microsoft could never make successful social control media (remember MSN Spaces and Soapbox?), so it spent tens of billions of dollars (borrowed money) to "buy its way" into that sector.
Will impacted LinkedIn staff mark themselves as "open for work" (euphemism for unemployed)?
Microsoft is a failing, falling company. There's no way to sugarcoat this, as we explained this morning: They Don't Like the Layoffs, So They Are Rebranding Them
With a market like this, it's hardly surprising that LinkedIn is heading down. It was all along a bubble riding a bubble, based on false promises (that feeding data into Microsoft will find one employment). █