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

(www.bloomberg.com)
209 points htrp | 1 comments | 02 Jul 25 13:26 UTC | HN request time: 0s | source
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pseudosavant ◴[02 Jul 25 16:08 UTC] No.44445427[source]▶
Microsoft's most recent quarterly numbers, for those interested:

    - Revenue was $69.6 billion and increased 12%
    - Operating income was $31.7 billion and increased 17% (up 16% in constant currency)
    - Net income was $24.1 billion and increased 10%
How can you justify needing layoffs when you made $24B in net income on $70B in revenue?? I guess $24B and a 10% YoY increase is almost failing?
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1. onlyrealcuzzo ◴[02 Jul 25 17:01 UTC] No.44446107[source]▶
That's not good enough for a P/E of 40....