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209 points htrp | 2 comments | | HN request time: 0.446s | source
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pseudosavant ◴[] 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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trollied ◴[] No.44445851[source]
The answer is shareholders.
replies(1): >>44446702 #
1. pseudosavant ◴[] No.44446702[source]
It is like we need to find a "post stock market" capitalism? The stock market is kind of the original crypto scheme after-all. Capitalism doesn't require a stock market.
replies(1): >>44450816 #
2. cosmicgadget ◴[] No.44450816[source]
Privately held companies exist too. They also do layoffs.