37
Microsoft posts $92.3bn quarterly revenue after offering buyouts to 60,000 employees
(www.theguardian.com)
this post was submitted on 29 Oct 2026
37 points (95.1% liked)
Technology
89137 readers
3533 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
If they are doing this well, why are they trying to get rid of a bunch of employees?
Implies that they are getting replaced by bots.
Not to me, this implies to me that they overspent on AI and they now need to claw back some money.
I guarantee they are essentially offshoring most of these roles; as in they'll focus on hiring in India and SEA moving forward.
They already employ a massive number offshore.
Same reasons big retail companies do it. Release thousands of workers, absolve yourself from paying their insurances and salaries. Reap the rewards. Go back to hiring people, do it again for another quarter.
Because less people to pay means more money for the higher ups at the company?
Let me introduce you to the trickling wonders of US economics...