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Microsoft posts $92.3bn quarterly revenue after offering buyouts to 60,000 employees
(www.theguardian.com)
Who the hell happily uses Azure?
this post was submitted on 29 Oct 2026
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If they are doing this well, why are they trying to get rid of a bunch of employees?
Because less people to pay means more money for the higher ups at the company?
The quarterly earnings report comes two days after Microsoft offered voluntary buyouts to about 60,000 employees, roughly a quarter of its workforce, as the tech giant spends heavily on artificial intelligence investments.
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.
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.