Loans and Massive Debt at Microsoft, This Won't End Well.
Corporate Media: DEBT IS AWESOME AND LAYOFFS ARE GOOD!
Hours ago:
Reminder: Five tech giants are hiding $1.65tn in AI debt, using the trick that toppled Enron
Also hours ago:
People's pensions are thrown [1, 2] (away) - without their explicit approval - onto a pyramid scheme that calls itself "revolution" or "era" or "arms race" and it's not blockchains or metaverse, now it is chatbots that spew out falsehoods with great confidence and rather good grammar. Or some form of energy-wasting plagiarism marketed as "intelligence".
Meanwhile, IBM promises an amazing "revolution" or "era" or "arms race" or "quantum". See the new comments below or watch this recent Sabine Hossenfelder video.
Should we not be worried that the "MSM" (mainstream media) celebrates a loan doubling (an even higher risk!) and says that Microsoft running out of money to pay salaries (to the point of paying people for 'voluntary' layoffs) is a positive sign?
Meanwhile there's this new press report entitled "Microsoft is laying off 350." (Or "Microsoft is set to cut about 350 jobs in Montgomery County.")
"The remaining workers are trying to get a labor contract," Ryan explains. "Shedding this many workers in bits and pieces is a sign that the company is dying. This is the sort of thing RCA did in Indiana when it died. It took over 14 years of layoffs but eventually they were down to one woman who did HR benefits, and she had to lay herself off."
"The entire time it was going on they said that they would just be a smaller company that would eventually be down to the profitable divisions and thriving again. That's what they always tell you. If they say we're shutting the company down in bits and pieces, it demoralizes the people they plan to keep for a few more years. They don't want that. They want everyone to be in the dark even though they know how to layoff timeline works. That's how it worked at the shoe warehouse I worked at. They brought a guy in from Massachusetts who knew 4 years ahead of time that he was just the axe man there to contain risk and wind the place down until they could get a new facility built in Ohio. And that nobody except him would survive the layoffs."
Well, that is Nadella's Microsoft. █