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Microsoft To Lay Off Another 2,850 People In the Next 12 Months (businessinsider.com)
An anonymous reader writes from a report via Business Insider: Microsoft is planning to lay off 2,850 more employees in the next 12 months or so, according to Microsoft's full 10-K report it filed with the Securities and Exchange Commission. Part of the document reads: "In addition to the elimination of 1,850 positions that were announced in May 2016, approximately 2,850 roles globally will be reduced during the year as an extension of the earlier plan, and these actions are expected to be completed by the end of fiscal year 2017." Business Insider reports: "The first 1,850 layoffs mentioned here were mainly from Microsoft's struggling smartphone business, including 1,350 employees in Finland working at what was once Nokia world headquarters. These layoffs also included people in Microsoft's salesforce, which was recently reorganized and saw the departure of COO Kevin Turner. In total, Microsoft laid off 7,400 employees in its last fiscal year, which ended on June 30th, 2016. The new layoffs are a continuation of the same plan, and include the sales group as well as others. About 900 people affected by the new layoffs were already informed during the sales reorganization, according to a person familiar with Microsoft's plans."
MS must have some kind of assurance the H1B pipeline will be at full capacity for the foreseeable future.
Hillary Clinton and the Democrats have promised this for years. Only Trump and the Republicans are complaining about the loss of jobs for Americans. This is what I read and hear in the News Media.
1. They unload Win10 on the world, only partially designed, and sucker us into doing their product testing. Then, the add more and more complexity with unnecessary "features" that are mere click bait.
2. Then, the declare it's the last of the "Windows" line (unlikely, and a stupid claim by an executive without credibility to assert it.)
3. Now, they plan to get rid of productive employees. Why? "Bottom line" or, as Jack Welch said, early in his career at GE CEO, "the purpose of a corporation is to maximize shareholder return on investment." Then, two years ago, after retirement, he admits in Forbes' magazine that his was "...the dumbest idea in the world."
4. And Microsoft is joining the cadre of companies with "great (aka overpaid) CEOs" (usually self-proclaimed) who produce poor results over the long-term (see http://www.wsj.com/articles/be...).
They're about to fall off a cliff...and they think they're on solid ground. Mark my words.
You don't have a right to their money, no matter how profitable they are.
The reason they are profitable is because of the work their employees are doing for them. If they can lay off a bunch of employees and remain profitable, then clearly those employees were not significant contributors to the company's profits.
Employees that cost more than they earn for the company should be laid off.