Microsoft CEO To Slash 18,000 Jobs, 12,500 From Nokia To Go
DW100 (2227906) writes "Satya Nadella has taken an axe to Microsoft's 127,000-strong workforce by announcing a whopping 18,000 job cuts, including 12,500 from the recently integrated Nokia division. At least 13,000 jobs will go within the next six months."
It's official, Ballmer's layoff record has been smashed. From the email sent to employees: "The first step to building the right organization for our ambitions is to realign our workforce. With this in mind, we will begin to reduce the size of our overall workforce by up to 18,000 jobs in the next year. Of that total, our work toward synergies and strategic alignment on Nokia Devices and Services is expected to account for about 12,500 jobs, comprising both professional and factory workers. We are moving now to start reducing the first 13,000 positions, and the vast majority of employees whose jobs will be eliminated will be notified over the next six months."
[Posting AC because I'm talking about my own employer.]
Bullshit. H1-Bs save employers more than enough to pay for the bureaucratic overhead of hiring them. That's a one-time cost that's easily amortized over the three or six years of the visa, and if you hire lots of H1-Bs, the process can be pretty well streamlined. You can even outsource the paperwork.
The last time I had to hire two code monkeys, the company hired an agency in India to find H1-B candidates. We interviewed over 20 candidates, and made offers to ten. Two of them turned out to have misrepresented their work histories, we finally hired two, and the rest ran screaming the other way when they saw what we offered. It was infuriating, but the bean-counters wouldn't budge. Get people who will take what we offer or do without.
This is what companies do. Their employees aren't their greatest asset, they're their greatest cost center. In the long term, it's stupid, but the suits don't care. They only care about this quarter's (or this week's) results. Why buy socks at Nordstrom when you can buy them at Walmart?
As a foreign worker in the US, I have no idea where you got that $15 an hour from. I can assure you, I'm paid substantially more than that.
Actually: http://tech.slashdot.org/story/13/11/12/2046214/microsoft-kills-stack-ranking