Microsoft to Cut 9k Workers in Second Wave of Major Layoffs

For the most part, I'm indifferent to layoffs. Companies over hire and then course correct. It's part of the game. But for MSFT, it rubs me the wrong way. In the past 5 years, their stock has soared (150% on stock and doubled in valuation). They are insanely profitable ($82B profit). They are diverse (no existential business risk). The fact that they are unceremoniously laying off 30K of the people that helped them get there drives home it's just a paycheck, do your job, but know it can and will end when convenient for the company. I know folks will argue, low performers, but really. This "productivity apps" company hired them, onboarded them, made $82B in profit, surely they can figure out how to uplevel folks. Also how do you have a layoff every couple of months for 3 years. Thinking about the middle class in the previous generation, it was unions that effectively ensured a labor job meant a secure future. I wonder if that's the solution (again).

> Thinking about the middle class in the previous generation, it was unions that effectively ensured a labor job meant a secure future. I wonder if that's the solution (again).

It is, and they are. It’s why Reagan fired ATC strikers and blackballed them. It’s why private enterprise stockpiled machine guns and chemical weapons against strikers back in the Gilded Age. It’s why companies will spend billions to block Unions rather than just give workers the few million or so more they need over a decade to just maintain a standard of living. It’s why they’ll close down stores, warehouses, offshore jobs and outsource to contractors to penalize Unions.

Unions are a direct response to the inequality of Capital allocation and distribution.